Meeting of the Parliament 23 February 2016
Willie Rennie should have listened more carefully to what I said. We have not allowed the Treasury model—any Treasury model—to become a default position. That was actually one of the points we were seeking to secure before signalling agreement in principle.
The fiscal framework will not include or assume the method for adjusting the block grant beyond the transitional period, and the two Governments will require to jointly agree that method as part of the review. That was one of the tests that I set this afternoon—that, at the end of the transitional period, when we go into a review, there should be no default model. We have been successful in securing that, as well as successful in securing not a single penny of detriment. I would have thought that Willie Rennie might want to welcome that.