Scotland receives £2.9bn budget boost, but disputes funding | JQJO

Scotland's budget will increase by £2.9 billion annually due to the UK government's spending review, reaching £52 billion by 2029. While the Treasury highlights this as the largest real-terms settlement since devolution, Scotland's Finance Secretary claims a shortfall of over £1 billion. The review includes funding for projects like the Acorn carbon capture scheme in Aberdeenshire, a supercomputer at Edinburgh University (£750m), and Faslane nuclear base upgrades (£250m). Increased NHS and housing funding in the rest of the UK will also benefit Scotland via the Barnett Formula. The Scottish government argues for greater day-to-day funding increases.