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
