Scotland Bill

Part of the debate – in the House of Commons at 12:32 pm on 27th January 2011.

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Photo of Stewart Hosie Stewart Hosie SNP Chief Whip, SNP Deputy Leader, Shadow SNP Spokesperson (Treasury) 12:32 pm, 27th January 2011

In the Secretary of State's comments on the Barnett formula-before the interventions-he said that he would not seek to change it until the economy has returned to rude health. I presume by that he means that this Government's priority is to tackle the deficit. I see him nodding on that. It worries me slightly, then, that the additional capital borrowing powers require a consent per project, so will the right hon. Gentleman confirm that when a good, sensible, costed project comes up looking for additional capital consent, this Government will not use the excuse of the deficit in order simply to say no?