FIRST Minister Nicola Sturgeon warned yesterday that Scotland will lose billions of pounds under current Westminster proposals for the Scotland Bill.

The Bill is set to bring new powers over tax and welfare to Holyrood and will set out how Scotland’s annual block grant from the Treasury will be adjusted to take into consideration new powers.

But the Scottish and British governments have yet to agree on the fiscal framework, and Ms Sturgeon has criticised the current offer ahead of the latest round of negotiations between Scottish Finance Secretary John Swinney and Chief Secretary of the Treasury Greg Hands.