Adjusting the Scottish block grant abatement : the algebra of CM and IPC

Cuthbert, Jim (2016) Adjusting the Scottish block grant abatement : the algebra of CM and IPC. Fraser of Allander Economic Commentary, 40 (3). pp. 73-78. ISSN 2046-5378

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Abstract

In the Fiscal Settlement negotiations between the UK and Scottish governments earlier this year, one important element of the debate crystallised around the choice between the so-called CM and IPC methods of adjusting the Block Grant abatement. It is well known that the Treasury's preferred method, the CM approach, exposes Scotland to the risk of relative population decline - but the precise mechanism is not well known. This note develops a simple algebraic expression for the difference between the two methods, and explores some of the implications.

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• Item metadata

  Item type:	Article
  ID code:	59109
  Dates:	Date Event 13 December 2016 Published 12 December 2016 Accepted
  Subjects:	Social Sciences > Economic History and Conditions
  Department:	Strathclyde Business School > Fraser of Allander Institute
  Depositing user:	Pure Administrator
  Date deposited:	14 Dec 2016 12:09
  Last modified:	15 Oct 2024 00:31
  Related URLs:	Organisation Journal or Publication
  URI:	https://strathprints.strath.ac.uk/id/eprint/59109