Scotland Bill

My Lords, the directional effect that I have set out for the effect of what is proposed in this Bill compared to the current arrangements is clear. The question that people have is, on particular projections of growth and spending, what the effect would be. Of course, it is possible to give only the worked example of growth and spending based on the current spending settlement round and the current projections of the Office for Budget Responsibility. There is no question that you can forecast for one period or any other period. It entirely depends on the assumptions you want to make about the performance of the Scottish economy and the policy decisions made by the Scottish Government about expenditure. The key point I come back to is that it transfers a significant amount of responsibility and accountability for this balance to the Scottish Parliament, which of course is fully accountable to its electors. That really goes to the absolute heart of what we are talking about and it is why I am grateful to my noble friend for drawing attention to the point. I think that I should bring this discussion to a conclusion—