Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the Barnett consequential for Northern Ireland from the recent trade deal with India will be.

The UK-India Free Trade Agreement will make it easier for British businesses to trade with the fastest growing economy in the G20. The government estimates that it will increase bilateral trade by £25.5 billion, add £4.8billion a year to our economy and boost wages by £2.2 billion every year in the long run.

The Barnett formula is applied when UK Government departmental budgets change. Any future changes to UK Government department funding as a result of the UK-India Free Trade Agreement will have the Barnett formula applied in the normal way.