"As chief secretary, I was having a terrible time doing what I didn’t go into politics to do — cutting public expenditure. And I was having meetings with every departmental minister about their budget. They all wanted more money — Tony Benn and Barbara Castle more than most. I decided that I could get rid of three Cabinet ministers — the secretaries of state for Scotland, Wales and Northern Ireland — if I could settle on a formula for their budgets. So I set up this method for allocating public expenditure that the Cabinet then agreed to."
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Members of the Parliament of the United KingdomJews from the United KingdomLabour Party (UK) politiciansGovernment ministersPeople from Manchester
Original Language: English
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Explaining the origin of the Barnett formula.
https://en.wikiquote.org/wiki/Joel_Barnett%2C_Baron_Barnett
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Joel Barnett, Baron Barnett
Joel Barnett, Baron Barnett, PC (14 October 1923 – 1 November 2014), was a Labour Party politician. As Chief Secretary to the Treasury in the late 1970s, he devised the Barnett formula that allocates public spending in Scotland, Wales and Northern Ireland.
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