ref date:20 May 1999 (ECON)
As I predicted Scotlands cash from London is to be cut
Lord Barnett the man whose economic formula has stripped Scotland of her
oil and gas wealth for nearly twenty years, and given a meagre allowance back
to Scotland said :"It's (the barnett formula) unfair. The percentage increases in
public spending awarded to Scotland are excessive and there is a case for review. Apart from the south-east of England, almost every other region has a lower per capita income per head than Scotland.
The Scots can feel very pleased with themselves for keeping the formula for so long but if it was reviewed their allocation
would probably be reduced."
"There would be a huge outcry in Scotland. However, after a few years of the Scottish parliament I would be surprised if
it was not subject to a review."
See LABOURS BROKEN PROMISE TO THE SCOTS
You'll see this often, How Stupid are Scotlands Labours voters... VERY VERY VERY!