Comprehensive Spending Review

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:31 pm on 20th October 2010.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 12:31 pm, 20th October 2010

First, we have preserved the Barnett funding arrangements. Secondly, the decisions that we have taken on the national health service and schools budgets in England will help the funding settlement for Scotland. What we are seeking to do, north and south of the border, is to put the United Kingdom's economy on a strong and sustainable footing so that there can be growth in Scotland and in the rest of the country. My final observation is that people are pretty clear, in the House and in Scotland, that if Scotland had been independent over the past three years, given the scale of the banking crisis, it would now look like Iceland.