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Fiscal framework

Published: 19 Feb 2016 00:01

Deputy First Minister travelling to London for further talks.

Deputy First Minister John Swinney is to have further talks in London tomorrow (Friday) as efforts continue to secure a deal on financial arrangements for the new powers set to come to Scotland through the Scotland Bill.

Following the Scottish Government's revised offer to the Treasury on the fiscal framework last week and the First Minister's letter to the Prime Minister earlier this week, Mr Swinney will meet with the Chief Secretary to the Treasury Greg Hands on Friday.

Mr Swinney said:

"The Scottish Government is very clear that we want to reach an agreement on the fiscal framework that lives up to the spirit and the letter of the Vow and delivers the key principle of no detriment as set out in the Smith Commission.

"For both Parliaments to have adequate time to scrutinise an agreement it is important that we make progress. That is why I am travelling to London as part of our efforts to secure a fair deal for the people of Scotland and for the rest of the UK.

"Crucially, for there to be an agreement which the Scottish Government could consider recommending we must ensure that the Barnett Formula is retained and that Scotland and the rest of the UK are no better or worse off as a result of the devolution of further powers, that is a key test of any proposal.

"I remain committed to reaching an agreement that is in line with the principles of the Smith Commission."