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Don’t abandon the Barnett formula

The Barnett formula raises all sorts of questions about how public spending is distributed around the UK. But we should think twice before abandoning it

Mixed feelings before the Scottish independence referendum: “There are good reasons for higher public spending in Scotland,” says McTernan. © Brian Mcneil

Listen to a recording of a Prospect roundtable on this topic featuring John McTernan below:

The Barnett formula: for many years, no one cared about it. It sounded like something from 1066 and All That: “The Barnett formula. Choose to (a) Paint it in…

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