Meeting of the Parliament 12 March 2026 [Draft]
I thank the cabinet secretary for the fact that we are looking for an ambitious review. The fiscal framework was based on our competing with or matching the rest of the UK. We can do that with most regions in Northern Ireland and Wales, but we struggle to do that—and always have—with London and the south-east. On top of that, the Barnett formula squeezes our spending and ignores needs such as rurality.
At the start of the fiscal framework, we thought that we were getting a good deal, although the Conservatives wanted us to accept something poorer. However, in retrospect, we can see that the fiscal framework is not working. The Government must demand a serious review. I know that the cabinet secretary will not be here, but can she commit the Government to that?