We can start with that nonsense of a Barnett (population-based) formula. Lord Barnett himself expresses his astonishment that what started as an ad-hoc calculation for a specific instance has run amok, applied incoherently to all cases.
A slightly more interesting approach is used in local government, addressing disadvantage by splitting available funds according to a disadvantage weighting. The problem with that is that it has a levelling-down effect, as the areas with advantage get so little they cannot achieve much, and cannot "save up" the credits over the years: the result is that what is available is only spent on low-value low-return projects, whereas the real needs are unaffordable despite the contribution made by that area.
So try the Nation vs Westminster for size. When all political parties court 38 Degrees, Change.org and Common Purpose because they all have greater membership than any political Party, there's something wrong. The demagogues have taken over the asylum, and the failure of NuLab to look after the rights and interests of the common man is having its consequences. One might expect that of the Bullingdon Club, but when nobody speaks to, let alone for, the man in the street, then we have trouble.
It's fairly clear that with this vote, the upheaval to the political system resulting from what are now seen as unwise political promises made to one part of the Nation, however stroppy, is triggering the start of the 2015 election campaign. We must now be careful about the promises made by the Westminster mountebanks,