Quote:
Originally Posted by OLD BOY
I think some of them are still expecting the Barnett formula to continue!
They certainly can't rely on North Sea oil - there will be little demand for oil by 2050, and prices will be at an all time low.
The SNP do not have a financial bone in their collective body - they will be the ruination of Scotland.
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The Barnett Formula is just an arrangement for determining changes in funding. If the gap England has under the arrangements tried to be addressed by increased spending in England, under the Barnett Formula funding would automatically be increased for Scotland. Until the Formula is scrapped, which as it's just a convention, doesn't require a change in law or rules, England can never close the gap.