The latest version of the statement of funding policy published alongside the UK budget talks about how “Government may take into account proceeds from the sales of ... assets in setting its grant to the devolved administrations when capital receipts are realised as a result of privatisation of a public sector trading body or a major change in the role of the public sector”.In such circumstances, it says,“Treasury Ministers reserve the right to reduce the grant to the devolved administration to reflect receipts.”I wonder whether Mr Purvis, in his closing remarks, could reassure us that he has considered that fully and discussed it with his UK counterparts.