B

Baroness Ritchie of Downpatrick (Lab)

Speaking in the House of Lords on 12 November 2025

Debate

Barnett Formula: Wales

Contribution

My Lords, Professor Holtham’s independent review, published in June this year, suggested that Northern Ireland’s needs-based factor might be higher than the 124% used in the current formula. We are all aware that the Barnett formula for the three nations and regions is deeply unfair. Therefore, will my noble friend, in talking with the Chancellor and Treasury colleagues, give adequate reflection to the need for a total review of the Barnett formula to reflect the need for needs-based assessment and also for fairness and equity?

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