Business of the House

Part of the debate – in the House of Commons at 11:20 am on 9th July 2020.

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Photo of Jacob Rees-Mogg Jacob Rees-Mogg Lord President of the Council and Leader of the House of Commons 11:20 am, 9th July 2020

I am glad to say that the Barnett consequentials so far are £4.6 billion, so there is a substantial amount of money, thanks to the strength of the United Kingdom, going to the Scottish Government. The Barnett consequentials relate to a well-established formula. The former Chief Secretary to the Treasury, Joel Barnett, a very distinguished Labour figure, established the formula, I think in the prime ministership of Harold Wilson—it was either Harold Wilson or Jim Callaghan—and it has been the way in which money has been distributed ever since. That money flows, and that is the important thing.