Talks to focus on how Holyrood will be funded by UK tax payers after it gains£18bn worth of new tax and welfare powers,and VAT income, in 2017Senior Treasury officials contain arrived in Edinburgh in an effort to thrash out a final deal on restructuring funding for Scotland before crunch talks between the two governments next week.
Amid signs from both sides that next weekend’s deadline for a deal could slip, and David Mundell,the Scottish secretary, said the UK government was already compromising in some areas of the so-called fiscal framework, and a new formula to fix how Holyrood will be funded by UK taxpayers.
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Source: theguardian.com