Bypassing Barnett

.’.the allocation of an additional £1bn funding to Northern Ireland over two years represents a particularly large financial settlement to have bypassed Barnett. To secure an equivalent funding increase via the Barnett Formula, the UK Government would have had to increase comparable English spending by £30bn; this in turn would have generated Scottish consequentials of £3bn..’

SRIT is a progressive tax

The Scottish Rate of Income Tax is often said to be regressive and can only be progressive if the higher bands are raised. But the Financial Secretary’s decision to leave it at 10p flies in the face of evidence, argues a leading economic expert.