The Whys and Wherefores of Fiscal Flows
As previous chapters have shown, the distribution of UK revenue to the regional and territorial governments, health authorities, and local authorities which spend the money is a based on a hotch-potch of badly designed formulae. The Barnett formula, which allocates money to the devolved territories, has been attacked from all sides; its progenitor Lord Barnett now disowns it. The mechanism by which resources were distributed to local authorities within the English regions was changed in 2002, but the current system has not wholly escaped the faults of its predecessor.
KeywordsLocal Authority Median Voter Wage Cost Unanimity Rule Credible Threat
Unable to display preview. Download preview PDF.