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The Barnett Formula is the mechanism used by the UK Government to allocate more than half of total public expenditure in Scotland, Wales and Northern Ireland. The Formula has been used for the last thirty years to determine the annual increase in allocation. The Formula accounted for almost GBP 49 billion of public spending in 2007-08.

Produktbeschreibung
The Barnett Formula is the mechanism used by the UK Government to allocate more than half of total public expenditure in Scotland, Wales and Northern Ireland. The Formula has been used for the last thirty years to determine the annual increase in allocation. The Formula accounted for almost GBP 49 billion of public spending in 2007-08.