The Barnett formula and fiscal devolution
This briefing looks at how the Barnett formula works and includes a brief summary of the debate surrounding the formula.

The Bill establishes the Office for Budget Responsibility (OBR) on a statutory basis, following its creation after the general election of 2010. It also requires the Treasury to publish a Charter for Budget Responsibility setting out its approach to fiscal policy. The Bill would also confirm a new corporate governance structure for the National Audit Office, under a new paid post of Chair, who would develop a joint strategy with the Comptroller and Auditor General. This Research Paper covers the Bill's House of Commons Committee Stage.
Budget Responsibility and National Audit [HL] Bill: Committee stage report (146 KB , PDF)
The Bill establishes the Office for Budget Responsibility (OBR) on a statutory basis, following its creation after the general election of 2010. It also requires the Treasury to publish a Charter for Budget Responsibility setting out its approach to fiscal policy. The Bill would also confirm a new corporate governance structure for the National Audit Office, under a new paid post of Chair, who would develop a joint strategy with the Comptroller and Auditor General. This Research Paper covers the Bill’s House of Commons Committee Stage.
Budget Responsibility and National Audit [HL] Bill: Committee stage report (146 KB , PDF)
This briefing looks at how the Barnett formula works and includes a brief summary of the debate surrounding the formula.
The government proposes to change the way total funding for local authorities is distributed, aiming to make it fairer and simpler.
A briefing paper on the June 2025 government consultation on reforming local government funding, "The Fair Funding Review 2.0"