Barnett? Time to bin it
The Barnett Formula is one of the dullest subjects in Welsh politics - it's the formula by which Wales gets 6% of whatever London government spends due to its relative population. It's attracting the usual sporadic attention as a coalition of voluntary groups led by Sustrans's Lee Waters tries to put pressure on government in London for this formula to reflect social needs rather than a basic head count.
The argument, put here, is that Wales is poorer, less healthy and has worse housing and therefore needs to reform the Barnett Formula to reflect that.
It's an argument that Ron Davies put forward in the 2004 European elections - claiming that each person in Wales was losing out to the tune of a fiver a week. This rather more catchy slogan didn't resonate with the voters and I suspect Lee's valiant attempts to revive the argument of his former political boss [Waters worked for Davies as a political researcher when Ron was a Labour AM] will fall on similar stony ground.
The Formula was devised to buy off nationlism in the 1970s and the only way more funding will reach Wales is another threat to the Union. However, the Barnett Formula is too, well, formulaic. A far better suggestion is that all taxes raised in Wales should be collected by the Assembly. That body could then allot its share of UK spending (e.g. defence, international affairs) to Westminster.
What could possibly be wrong with such a fine example of bottom-up government?