Mr Peter Hain (Neath) (Lab): Is it not the case that people in Wales would be buying a pig in a poke if income tax were devolved without a proper floor being put underneath the Barnett formula? The failure to address that issue has resulted in Wales being short-changed, so if income tax were devolved without the Barnett formula being addressed, it would be a bad outcome for Wales.
Devolution Of Fiscal Responsibility
Devolution Of Fiscal Responsibility
Devolution Of Fiscal Responsibility
Mr Peter Hain (Neath) (Lab): Is it not the case that people in Wales would be buying a pig in a poke if income tax were devolved without a proper floor being put underneath the Barnett formula? The failure to address that issue has resulted in Wales being short-changed, so if income tax were devolved without the Barnett formula being addressed, it would be a bad outcome for Wales.