Rhodri Morgan spills the beans
Alex Salmond made it absolutely clear to me in 2007 that the new SNP administration would resolutely refuse to take part in any kind of review of the Barnett formula, unless it was linked with Scotland getting ownership of North Sea oil and gas revenues. If the British Government says it is going ahead with a review of Barnett anyway, then that strengthens the Salmond/SNP hand in the referendum on independence. In the short term, Wales will have to respond to any success Scotland might have in getting devolved control of corporation tax.
Awaiting the stabilisation of public finances, my arse. More like killing home rule by kindness, £4.5bn per year worth of kindness.
One wonders what percentage of Scots would favour independence if the UK Government was going ahead with Barnett reform.