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Lord Smith is one of Scotland's most prominent businessmen and was appointed to oversee the process of devolving more powers to Scotland last year.
The standoff between Catholic and Protestant leaders over transferring authority over the police and the courts to Belfast from London — which is partly about money and partly about politics — could stall the process of devolving power to Northern Ireland.
In response to Scotland's independence campaign, Cameron said that Lord Smith of Kelvin, who acted as Chair of the Glasgow 2014 Commonwealth Games, had agreed to oversee the process of devolving more powers over tax, spending and welfare to Scotland.
Lord Smith of Kelvin was appointed to oversee the process of devolving more powers to Scotland.
The show of unity comes despite continuing disagreement over how the process of devolving more powers to Scotland should be handled.
He said Lord Smith of Kelvin had agreed to oversee the process of devolving more powers over tax, spending and welfare to Scotland, with draft legislation by the end of January.
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He added: "If we go for this process of devolving tax-raising powers to the Scottish Parliament, the Welsh Assembly, then the importance of Barnett will reduce because obviously these institutions will have smaller block grants and larger tax bases and so the importance of Barnett will be less.
Mr Davies is critical of the model of income tax powers in the process of being devolved from Westminster.
Mr Davies is critical of the model of income tax powers in the process of being devolved from Westminster to Cardiff Bay.
Mr Davies has already been involved in a public disagreement with Welsh Secretary David Jones over the model of income tax powers in the process of being devolved from Westminster to Cardiff Bay.
Mr Davies has been involved in a public disagreement with Welsh Secretary David Jones over the model of income tax powers in the process of being devolved from Westminster to Cardiff Bay.
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