Tag Archives | Economy

At last our leaders are starting to take a realistic line to cope with cuts

Credit where credit’s due, while commending Bystander’s vigilance. Simon Hamilton cuts a competent figure as minister of finance, blowing the trumpet for the financial aspects of the Stormont House Agreement. This is what a finance minister is for, rather than sniping at colleagues. Meanwhile  the Agreement has attracted the rare attention of the Economist which more…

“Sunday’s election could be a significant day for Europe…”

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The campaign may have resembled a “political circus”, but Sunday’s general election in Greece could see the leftist Syriza, led by former communist Alexis Tsipras, emerge as the leading party – but in search of a partner-in-government [We’ve been there before! – Ed].  Indeed.  Although, they could still achieve a majority… In the meantime, the Irish Times highlights a more…

Corr-Johnston: What we need is Robin Hood when all we have is Prince John.

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Corporation Tax dominated the headlines in 2014, writing for Slugger the PUP Cllr for Oldpark, Julie Ann Corr-Johnston argues for a rethink of the entire debate Corporation tax will probably go over the heads of many in our community, but it has the potential of bringing 50-60,000 jobs into Northern Ireland over the coming years-Peter more…

It’s the economy, stupid. Not a federal Ireland

In the Irish Times Paul Gillespie floats the idea that the North might benefit by a federal deal with the south. He invokes the useful hand played by the Republic in the recent Stormont House agreement. Certainly Charlie Flanagan waxed more eloquently than Theresa Villiers but that isn’t saying much. I discern a much bigger more…

“The brinkmanship that seems inescapable on such occasions has become self-indulgent and self-important too”

The Guardian’s editorial on the Stormont House Agreement has some pertinent things to note about Northern Ireland’s latest deal.  Although, if, as they claim, “the glass is half-full” it is also, by definition, half-empty.  From the Guardian editorial The talks came very close, after 11 weeks of discussion, to falling apart, as earlier efforts under the more…

The star of wonder shines through the Christmas Agreement

In Northern Ireland God seems to work in mysterious ways  his wonders  to perform  at peak moments in the Christian calendar. Sixteen years after the Good Friday ( or Belfast ) Agreement, we have the Christmas ( or Stormont House) Agreement. Behind the details the main features are: Apparently genuine efforts by the parties to end deadlock by more…

Outsourcing solutions may be the secret of dealing with more than the past

Well, perhaps amid the encircling gloom the political parties have seen some light at last. The details of the agreement on welfare reform are awaited but it looks as if any new money will come from Westminster mainly to deal with the past which is surely fair. Adds: United Executive request for a total of £2.1 billion over 10 more…

£421.82 For The Arts or is it 13p?

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13p per person per week for the arts. £6.76 per person per year for the arts. £421.82 per person per lifetime (18-80.4) for the arts On the face of it, 13p For The Arts is a worthy and well run campaign, and of course those within the industry should campaign against cuts being imposed, I more…

What Stormont must do to convince Cameron to up his offer

Are the political parties still hoping that David Cameron will turn into a White Knight and Save Ulster from Austerity?  What does Stormont have to do to persuade him to answer  their pleas to up his offer? Among the elements are: devising a proper three year  plan for the first time so as the world more…

Is the arrival of Cameron and Kenny more than part of a tired old ritual?

 The credibility and effectiveness of the devolved institutions is on the line, writes  David Cameron. Sinn Féin MP Conor Murphy  warned if a deal isn’t done then the Northern Executive will “crash”. “The implications are that the Executive can’t continue to function. You go into a crash and you go back to an election and more…

I wish I had food banks when I was homeless

The topic of food banks came up this morning on social media and on BBC Talkback, it’s an area I have particular interest in because when I was younger, I spent some years (fairly important formative ones at that…) homeless. It wasn’t that I was living rough per se. I did spend a good few more…

RIP Fred Catherwood

All of forty years ago I sought  the views of Sir Fred Catherwood who has died aged 85, about Northern Ireland – I can’t remember what aspect exactly. I interviewed him in his  a large and rather bleak East Anglian house – a house rather like his religion I thought at the time ( rather unfairly). more…

Alcohol Pricing…on the up and up

Jim Wells Face

Taken at face value, I completely agree with Jim Wells. Taken at face value, I completely agree with Jim Wells…sorry, I had to write that again to make sure it wasn’t an autocorrect. Minimum pricing for alcohol is a sensible idea, I have long agreed that the off-sales industry with specific reference to supermarkets are more…

I don’t rate business rates

It is a truth universally acknowledged, that a business in possession of a premises must be in want of customers and an extra few bills to pay. Every property in the land pays rates of some description, which is fair enough because there are a lot of things to pay for! Except…we still have to more…

Corporation Tax: Picking The Wrong Fight

You might notice from time to time that Foster, DETI, OFMDFM et al. have a penchant for announcing jobs…except they tend to announce a certain kind of job; big jobs, high paying jobs, important jobs, graduate jobs. It’s tough to picture the big wigs rolling down the hill to announce a greengrocers expansion or for more…

Devo Max with corporate tax cut ” disastrous” for NI

This powerful case against the SNP’s Devo Max plans including a 3% cut in corporation tax is made in the academic  website The Conversation by  Arthur Midwinter Associate Professor, Institute of Public Sector Accounting Research at University of Edinburgh  and a former adviser to the former Labour leader in the Scottish Parliament  Johann Lamont. It more…

Corporation tax powers huge test for Stormont

The word is out that the government will grant  Stormont control over corporation tax when the Chancellor makes his Autumn Statement on 3 December.  Peter Robinson is  talking with the confidence of a done deal.  David Cameron gave a broad hint this morning as he was  grilled by  all the select committees chairs in the more…

Barnett formula bonus won’t last

The present and future  cuts may seem tough – and they are – but here I belatedly post the good news from the Institute for Fiscal Studies (IFS), s that they could be much worse, were it not for a” flaw “ in the Barnett formula for allocating the block grant.  The calculations presented in more…