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Barnett Formula (Replacement) Bill

A Bill to require the Chancellor of the Exchequer to report to Parliament on proposals to replace the Barnett Formula used to calculate adjustments to public expenditure allocated to Scotland, Wales and Northern Ireland with a statutory scheme for the allocation of resources based on an assessment of relative needs; and for connected purposes.

Status: In Progress

Current House: Commons

Stage: 1st reading

Sponsored by: Sir Christopher Chope

Introduced: 2021-06-21