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Labour rules out Barnett formula reform

Labour has ruled out reform of the Barnett formula in the next parliament.

The formula gives Scotland, Wales and Northern Ireland higher levels of public spending per head than the rest of the UK.

The decision takes the gloss off devolutionists success in winning a clause in the Labour manifesto repeating the 1997 pledge to establish directly elected assemblies in certain English regions.

Financial Times 17/05/01 page 6

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