| ID | 086976 |
| Title Proper | Principles-based approach to the Barnett formula |
| Language | ENG |
| Author | Mellett, Russell |
| Publication | 2009. |
| Summary / Abstract (Note) | This essay argues that the Barnett formula-which determines the block grant paid annually by the UK government to each of the Devolved Administrations of Scotland, Wales and Northern Ireland-be reformulated, guided by the following principles: fiscal equity, accountability, transparency, and flexibility. The rationale for change is that the current fiscal arrangements make little policy sense and may not be sustainable in a changing political and economic context. The formation of a grants commission to help develop data, calculate disparities, and provide public advice to the Chancellor of the Exchequer is also advocated. |
| `In' analytical Note | Political Quarterly Vol. 80, No. 1; Jan-Mar 2009: p.76-83 |
| Journal Source | Political Quarterly Vol. 80, No. 1; Jan-Mar 2009: p.76-83 |
| Key Words | Barnett formula ; Scotland ; Wales ; Northern Ireland ; Fiscal Arrangements ; Grants Commission ; Chancellor of the Exchequer |