Committee (4th Day)

Part of Scotland Bill – in the House of Lords at 8:00 pm on 15 March 2012.

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Photo of Lord O'Neill of Clackmannan Lord O'Neill of Clackmannan Labour 8:00, 15 March 2012

I am a wee bit suspicious of Conservative government Ministers when they tell me that they agree with me. I want to make it perfectly clear that I do not criticise the Barnett formula in respect of any aspect of deficit reduction, because I consider that we have reduced too much too fast. I would be in favour of the reallocation of resource within the United Kingdom and the reallocation of resource within Scotland, because the priorities of the Scottish Government are wrong at this time. I may agree with the Minister on this Augustinian position, but not on any other aspect of his analysis of the economic situation.