Oral Question·Northern Ireland Office
“If he will have discussions with the Chancellor of the Exchequer on reforming the Barnett formula for Northern Ireland.”
Tabled: 17 July 2024Answered: 24 July 2024
Asked by
Jim Shannon
Democratic Unionist Party — Strangford
Answering Minister
the Secretary of State for Northern Ireland
Answer from Hansard
The Secretary of State for Northern Ireland (Hilary Benn)
The interim fiscal framework agreed earlier this year introduced a needs-based funding formula set at 124% of spending per head in England, based on the advice of the Northern Ireland Fiscal Council, and we are committed to taking forward these discussions with the Executive.