Lots of teeth gnashing over how to manage cuts to the budgetary provision allocated by London for running Northern Ireland. Regardless of their real value,Â at least some proposals have been produced by Sinn FĂ©in and theÂ DUP.Â Meanwhile, the UUP and SDLP have yet to wake up to the fact that they are not actuallyÂ in opposition, though,Â andÂ are yet toÂ grace the public domain with some constructive suggestions.
While Brian has noted thatÂ a few modestÂ balloons have went up for revenue raising,Â nothing canÂ actually paper over the fact that fiscal policy and cutsÂ are being directed from London (which, after all,Â pays handsomelyÂ for the privilege of retaining 5345 square miles of real estate on the island of Ireland). While the Republic ponders transfusions ofÂ frontloaded austerity (and the markets appear to fear the reaper man), at least the Dublin web summit last weekend managed to bring the founders of YouTube, Skype and Twitter together withÂ key figuresÂ from the worlds ofÂ technology, innovation and venture capital. Green shoots, maybe not of recovery yet butÂ possibly pointing to where recovery will come from.
Judging by the limited media coverage in Belfast, one wonders whether the business and political leadership in Northern Ireland noticed? I mean, it’s not like anyone would want to try and kickstart an economic recovery when it’s easier to just sit back,Â take a reduced handout, and make cuts. Right?
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