Oral Question·Department for Business, Energy and Industrial Strategy
“What steps he is taking with Secretary of State for Levelling Up, Housing and Communities to ensure the adequacy of business and community flood recovery support funding.”
Tabled: 5 January 2022Answered: 11 January 2022
Asked by
Emma Hardy
Labour — Kingston upon Hull West and Haltemprice
Answering Minister
the Secretary of State for Business, Energy and Industrial Strategy
Answer from Hansard
The Chief Secretary to the Treasury (Darren Jones)
There are currently no plans to review the operation of the Barnett formula. The Barnett formula has stood the test of time because it is simple and efficient, and it provides a clear and certain outcome. It is a key part of the arrangements for pooling and sharing risks and resources across the United Kingdom.