19th August 2008, 07:11 PM
Yes, but North Sea Oil has been thrown into the equation. See http://en.wikipedia.org/wiki/It%27s_Scotland%27s_oil
Quote:quote:The BBC economist Evan Davis ... reported prior to the 2007 election that the Barnett formula already allows Scotland to sustain higher levels of per capita public spending relative to the rest of the UK, which is approximately equivalent to its disproportionatly high annual contribution of tax revenues to the central UK Treasury from Oil production.