Barnett formula
Answer:
The Barnet formula is used to calculate how much money Scotland receives each year from the UK Treasury. It calculates devolved budgets. It uses the previous year’s budget and adjusts based on increases or decreases in comparable spending per person in England. Parts of the resulting sum are with held for non-devolved expenditure. Other areas of government have only a portion of their expenditure allocated by the formula.
Full answer here: The Barnett formula
The dilemma of devolution – more powers but potentially worse off
Author / Creator: Richard Parry
Media type: Article
Date published:
Increments [of devolved powers]...expose yet more anomalies and disadvantages to Scotland that only the full powers of independence would resolve.
The Politics of Scotland’s Public Finances
Author / Creator: David Heald
Date published: 2020
The Barnett formula is a political convention reducing overt political conflict with the UK while maintaining fiscal autonomy.
Scotland the Brief
Author / Creator: Gordon MacIntyre-Kemp
Media type: book
Date published: 2020
All you need to know about Scotland's economy, its finances, independence and Brexit.
Ambiguous no more: Time to de-mystify the Barnett Formula
Author / Creator: J. R. Cuthbert
Media type: Academic Paper
Date published: 2020
The overall effect of the new Barnett funding system is to place Scotland in a vulnerable position, where it is at much greater risk of falling into a cycle of economic decline relative to the rest of the UK.
The Barnett Formula
Author / Creator: Matthew Keep
Media type: Briefing paper
Date published:
The Barnett formula calculates the annual change in the block grant. The formula doesn’t determine the total size of the block grant just the yearly change. For devolved services, the Barnett formula aims to give each country the same pounds-per-person change in funding.
Barnett formula
Author / Creator: Wikipedia
Media type: Wikipedia
Date published: 2021
The Barnett formula is a mechanism used by the Treasury in the UK to automatically adjust the amounts of public expenditure allocated to Northern Ireland, Scotland and Wales to reflect changes in spending levels allocated to public services in England. The formula applies to a large proportion, but not the
HS2 will not cost Scotland £17 billion
Author / Creator: Full Fact
Media type: Fact check
Date published:
There is no evidence for the claim that HS2 will cost Scotland. In effect, all money spent by Scotland on HS2 is returned through the Barnett formula.
Revealed: The Accounting Trick that Hides Scotland’s Wealth (2020)
Author / Creator: Gordon MacIntyre-Kemp
Media type: Assessment report
Date published: 2020
The UK Government has diverted Scotland’s wealth to the UK Treasury to pay off its debts. Thus it creates 100% of Scotland’s supposed debts and 100% of its phoney deficit. This is the impact of Westminster’s debt loading alone, and upon that accounting trick, rests the entire economic case for the Union. Would an independent Scotland have to pay the rUK a population share of the UK’s historical debt? No – there is in fact a very strong case for Scotland to be compensated for having already paid more than it’s “fair share” of the UK’s debt
The Barnett Formula Myth Destroyed – It does not subsidise Scotland
Author / Creator: Gordon Macintyre-Kemp
Media type: Assessment report
Date published: 2019
The Barnett Formula will withhold from Scotland, over the five years covered by the spending review, enough money to have hired approximately 7,955 additional NHS medical professionals. That is not a bonus – it’s a smoke and mirrors mechanism that aims to reduce the Scottish Government’s spending power in real terms.