Interesting to read in yesterday's Herald the suggestion that, if the Holtham Report is implemented in full, the Welsh Assembly would all of a sudden hold more extensive fiscal powers than the Scottish Parliament is set to receive under Calman. On the face of it, this is excellent news - the detailed economic arguments over Calman would be more than superceded by any perception that we are for the first time being left behind by our Celtic cousins. The pressure to beef up the proposals would become irresistible.
However, I'm more inclined to fear that the end result of this divergence may instead be that the Welsh proposals are watered down. As we all know, the default setting in both Whitehall and the Tory party is to relinquish as little power as they can possibly justify.