Episode Details

PARTICIPANTS

Dr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of Strathclyde

Dr João Sousa, Deputy Director, Fraser of Allander Institute, University of Strathclyde

TIME STAMPS

(0:25) What is the Barnett formula and what does it do?

(2:50) What came before the Barnett formula and how was it different?

(9:25) Has the Barnett formula resulted in convergence on spending per person across the UK nations?

(12:40) Limits set by the Barnett formula and their impact on spending options for devolved governments

(16:50) Governance framework - can devolved governments challenge decisions made on the Barnett formula?

(22:25) Potential options for changing the Barnett formula and framework