Call to scrap Barnett formula after Brexit

By Mark Conrad | 26 July 2017

The controversial Barnett formula should be scrapped following Brexit and replaced with a needs-based funding regime, an influential group of peers has urged.

A report by the House of Lords’ European Union Committee expresses ‘acute concern’ that Britain’s devolved jurisdictions will ‘lose heavily’ if needs-based EU funding is replaced by UK subsidies granted in accordance with the population-based Barnett formula.

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