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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 Wigley Lord Wigley Plaid Cymru 2:35 pm, 10th February 2015

My Lords, does the Minister accept that the comments he has just made about phasing out the Barnett formula will be noted with considerable interest in Wales? Does he understand that on the formula that Scotland is receiving at the moment, adjusted for population, Wales is getting £1.2 billion less than we would if it was calculated on the Scottish basis? When are the Government going to phase in a new arrangement for Wales so that we get a fair deal out of the Treasury?