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Barnett Formula — Question

Part of the debate – in the House of Lords at 2:35 pm on 10th February 2015.

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Photo of Lord Foulkes of Cumnock Lord Foulkes of Cumnock Labour 2:35 pm, 10th February 2015

My Lords, does the Minister agree that Barnett provides secure funding for the Scottish Government and if they had relied on oil revenues they would not have produced the £7 billion that was in the SNP White Paper, but just over £1 billion, and that an independent Scotland would now be bankrupt? Is it not a good job that we voted no in the referendum?