The Liberal Democrats have already delivered a substantial extension of financial powers to the nations of the UK and we will devolve further fiscal powers to the devolved governments. In order to ensure reliable funding we will retain the Barnett formula and the agreed fiscal framework as the basis for future spending allocations for Scotland and Northern Ireland. This will protect the individual nations’ budgets from external shocks.
supportive of direct government control of the economy, e.g. price control or minimum wages