Mike Denham

An alternative to the Barnett Formula

From our UK edition

Many thanks to Mike Denham - the author of a Taxpayers' Alliance report on the Barnett Formula, released today - for the following post... In the last week, the allocation of money between England and Scotland has been in the news with the Scottish National Party planning to abolish council tax in Scotland, replace it with a local income tax and have English taxpayers foot a part of the bill.  The Government's Calman Commission, set up to review devolution, is mandated to investigate whether fiscal devolution would be a good idea.  Disputes over the distribution of taxpayers money between Scotland and England aren't new, but those disputes have rarely been well informed.

Freedom for the South-east!

From our UK edition

I once got bashed up by the late John Smith. It was at one of those charm-offensive lunches in the City, and he had asked why London's booming financial firms kept all their jobs in the South-east rather than sharing them round the rest of the country. My mistake was to suggest that dispersing jobs like that might damage competitiveness and profitability. Such innocence. A couple of charming karate chops later, I was stretchered off and never asked back. Afterwards, of course, I realised what had been required: regional empathy, some breast-beating about past failures, and a People's Pledge to forge a new ...er, well, partnership. I could then have settled down to the rest of my prawns. But I would still have spent the next ten years brooding about it.