Regarding the LCiA report on the Bamett Formula (see The W, 21 Nov, '"Death throes" Barnett Formula under attack'), this is illustrative of the problems associated with the Barnett Formula which are also massively impacting on Wales.The First Minister, Carwyn Jones, recently argued for a complete reform of the formula to a much clearer needs based approach. As he stated, we 'know Wales is underfunded by £350m a year and the first step to be taken is that the Barnetl Formula would have to be revised to arrest that underfunding. This must be the precondition to any referendum in Wales on income tax raising powers'.
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