The Finance Ministers of Scotland, Wales and Northern Ireland today issued a joint declaration to the Chancellor stating their shared disappointment that HM Treasury is not applying fairly the Barnett funding formula in relation to Olympic Games spending.
Their declaration outlines their shared concern that while around £1.7 billion will be spent on regenerating East London for the Games in 2012, this is not being mirrored in Scotland, Wales and Northern Ireland, as it should be under Barnett.
