Quote of the day

"Barnett is unsustainable in the long-run. It is neither efficient nor equitable."

"It gives perverse incentives to the devolved administrations - their block grant is a function of a number they cannot control. In turn, their decisions have consequences which the UK government cannot fully control."

"It probably derives not from greater need but from the more credible threat to the Union of the United Kingdom that they pose."

Professor Iain McLean, Oxford's Nuffield College