Banett Formula to be scrapped
Grant Scotland an overdraft and scrap Barnett – Calman - Scotsman.com News
HOLYROOD will be allowed to run up debts and the controversial Barnett Formula will be consigned to history in dramatic recommendations by the commission set up to review Home Rule in Scotland, The Scotsman can reveal.
In a long-awaited report, the Calman Commission will call for a new financial set-up which will make MSPs more accountable – but could see Scotland's budget severely reduced.
The Scotsman understands the commission will reject any new tax-raising powers for Holyrood or assigning Scotland's share of the oil and gas revenues directly to the Scottish Government.
The Scotsman has been told most members of the commission felt that handing over fluctuating oil and gas revenue and tax-raising powers would create "unacceptable instability" in Scotland.
A slap in the face, being told they can't be trusted with raising the money but can play at being in control with whatever nanny lets them play with. This side of the border I would just be glad not to have to be paying for the nursery at all.