SCOTLAND is set for a £70 billion cash injection under Labour, John McDonnell said yesterday.

Speaking at the close of Scottish Labour conference, the shadow chancellor promised a “permanent and irreversible shift in power back to the people.”

He said Scotland would receive £30bn under the Barnett formula — the mechanism by which government spending is allocated to Scotland, Wales and Northern Ireland — if Labour’s 2017 general election plans were maintained over 10 years.