Theory of devolution: Sunak snubs calls for more devolved powers

Published by Florence McCrae on July 12th 2020, 10:10am

Finance ministers from the UK’s devolved administrations have been snubbed by the chancellor of the exchequer, following calls for more fiscal powers from the Treasury.

The Scottish, Welsh, and Northern Irish governments have co-authored a statement to the chancellor, requesting what they referred to as “relatively limited powers” in order to aid the post-covid financial growth of each country. Rishi Sunak did not consent to this application.

The policies announced by Sunak have a direct effect on Scottish finances due to the Barnett formula, which will provide the country with further funding. Spending north of the border will be clarified by the Treasury by the end of the month.

Andrew Wilson, who was responsible for the SNP’s latest economic outline for independence, has asked that Scottish ministers be given the power to allocate bonds to aid the sectors hardest hit by the pandemic.

Lord Macpherson of Earl’s Court, the former permanent secretary to the Treasury under Gordon Brown, Alistair Darling and George Osborne has supported the plan. It has also received the backing of Lord Darling of Roulanish, who led the Better Together campaign in 2014.

Scottish finance secretary, Kate Forbes, said that funding to ensure the future of the public services must come from elsewhere in the country’s budget. She said: “That creates risks for our essential public services, jobs and businesses.”

Forbes concluded that she would like to see “greater ambition in the level of investment in our economy”.

The Northern Ireland finance minister, Conor Murphy, has called for the government to respond “swiftly and effectively” to the financial challenges posed by Covid-19.


About The Leaders Council

The Leaders Council of Great Britain and Northern Ireland is a network of the most influential figures from across the country. Through detailed case studies, news coverage, podcasts and leadership events, we strive to unearth the authentic voice of British industry. Find out more About us and our Membership Benefits.


Related News Stories


Authored By

Florence McCrae
Literary Editor
July 12th 2020, 10:10am

Follow Us

Stay up to date with the latest news on politics and business. Follow @LCGBNI on Twitter for more live updates


Popular Stories

NEWS | Published August 2nd 2020, 10:10 am

Rina Sawayama ineligible for Mercury award

NEWS | Published August 2nd 2020, 10:10 am

IAG Boss: “The industry will recover from this crisis”

NEWS | Published August 1st 2020, 10:10 am

Becoming a podcast host: Michelle Obama on Spotify

© Copyright 2020, Leaders Council.