Many of the Smith Commission proposals were embodied, (sometimes in modified form), in the Scotland Bill which is currently going through the parliamentary process. However, important details of the fiscal arrangements of the reforms were not spelled out – either in the Smith report, or in the Scotland Bill. Instead, the details of the so called fiscal settlement were left to be agreed in negotiation between the Westminster and Scottish governments.
Although we still know nothing about what is happening in these secret negotiations, nevertheless, in the latter part of November the whole question of the fiscal settlement suddenly achieved a very high public profile. Critique IFS Report