Meeting of the Parliament 23 February 2016
The principle of joint agreement is extremely important. As I said, beyond the transition period that we are agreeing—which of course guarantees the no-detriment position that has been so important to us—we have built into the agreement the principle of joint agreement. The fiscal framework does not make an assumption about the model that will follow the transitional arrangement. The two Governments will require to jointly agree that method as part of the review. That principle of joint agreement is so important, not just to this issue but to all of the other issues that require to be discussed and decided between our two Governments.