Coastal fund hits Crown Estates bid
Lib Dem Chief Treasury Secretary Danny Alexander was today due to unveil the plans to use half the money raised by the Crown Estates from marine sources to support economic development around the coast. The other 50 per cent will continue to go to the Treasury.
Finance Minister John Swinney accused the UK Government of trying to "buy off Scotland's coastal communities by offering them only 50 per cent of their own resources".
He said: "This paltry announcement does not go nearly far enough."
Mr Alexander said the UK Government was "still willing to listen" and "consider" the SNP's demands.