Introduced in 1979 by the Labour Chief Secretary to the Treasury, Joel Barnett, it is the formula by which the devolved nations, Scotland, Wales and Northern Ireland, get a disproportionate share of UK tax take. The result is that every year since, English taxpayers have been subsidising the populations of the devolved nations. (In the tax year 2019/20 the Barnett Formula allocated £32 Bn to Scotland).
Englishman in pub: that left wing tosser, Joel Barnett needs a good shagging. Thanks to him and his so called Barnett formula, my taxes are subsidising those tossers north of the border!
2nd Englishman in pub: Blimey I didn't know that, and those SNP freeloaders have the bare cheek to demand independence!
Englishman in pub: yes, and if they do ever get independence, I'll be going up to to Jock land to get my money back!