Dominic Raab: Barnett Formula needs to be scrapped

Posted On: 
21st September 2014

Dominic Raab said the Barnett Formula needed to be scrapped, despite a pledge by the three main Westminster leaders to Scottish voters that it would remain in place.     

“If we’re going to see financial devolution to Scotland, more powers on tax and spend, it’s impossible not to look at the impact on the wider union. And there have been promises made to the Scots and we should do our level best to deliver those, but there have also been a lot of promises made to the English, the Welsh and the Northern Irish. And if you look at the Barnett Formula, which allocates revenue across the UK, it is massively prejudicial to those other parts.

“We’ve got double the n...