Tag Archives | Economy

Well Mairtin it’s a start!

 From the Irish Times. EU structural and investment projects in Northern Ireland signed before the British chancellor of the exchequer’s autumn statement will be guaranteed after Brexit, the Treasury in London has said. The current level of agricultural backing, which underpins the farming industry, will also be matched by the British government until 2020. Europe’s more…

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Finance Minister says NI left out of Brexit negotiations: UK Gov won’t underwrite current EU funding for NI

IMG_4021

Talking at this morning’s Big Ideas: Festival of Economics at NICVA, Finance Minister Máirtín Ó Muilleoir indicated that Northern Ireland was being left out of post-Brexit decision making in London. He also felt it was likely the British Government would not underwrite the “half of” current EU INTERREG and PEACE funding, adding that he expected more…

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A real Twelfth celebration. Three cautious cheers for Bombardier

And what about the effects of  Brexit?  The Irish Times takes forward the story reported by CBC Canada. Many thanks to Quebec, despite its secessionist tendencies.   The SWISS air flight on Friday also represents an important next stage of the C-Series journey that began for Northern Ireland at the Farnborough Air Show in the UK in 2008. Back more…

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Westminster will find it hard to counter the Brexit case for Scottish independence

The UK Treasury chief who was at the heart of Project Fear during the Scottish independence referendum of 2014 is singing a different tune after the Brexit referendum. In an extraordinary article in the Financial Times (£)  summarised here,  Sir Nicholas McPherson sweeps away most of economic and financial problems associated with independence.. With the UK more…

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US Consulate: “We anticipate that a US trade and investment delegation will visit Northern Ireland in the first half of 2017”

The Northern Ireland Secretary of State, Theresa Villiers, has, in effect, called ‘bullshit’ on Martin McGuinness‘ claim that a proposed US investment delegation to Northern Ireland has been postponed “directly as a result of the vote” in the UK-wide EU membership referendum. Unlike the Northern Ireland deputy First Minister, echoed by his party colleague, Conor Murphy, more…

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Time for the Irish government to lay out their ideas on a “special status” for Northern Ireland

The chronic weaknesses of both governments hardly assists clear thinking over Brexit. On the other hand there seems to be a general willingness to minimise the damage e.g. over a hard border and trade. Whoever is the new British PM we cannot expect much departure from Theresa Villiers’s minimalist approach to coordination with the Republic. more…

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Remain in Northern Ireland still looks on top. Will the DUP heave a sigh of relief if it wins?

The arguments continue right down to the wire. The referendum has cut across the unionist/nationalist divide and – (nothing unusual here) – has split unionism. What is rarer is the DUP’s failure to press home their traditional case with the traditional fervour, suggesting they have doubts about it themselves, as Stephen McCaffery argues in The Detail. Sammy more…

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Brexit panic takes hold in Ireland

In just 250 words the Irish Times reports the scale of  Brexit panic in Ireland, north and south. Promising “a huge campaign all over the world”, an informed source said a strong campaign is needed in the US, China and India and elsewhere to drive home the message that Ireland is separate from the UK more…

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We can already see a post-Brexit economy emerging. It’s grim.

Here’s a confusing financial press headline from today: German 10-year sovereign bond yields turn negative for first time. What does that mean in plain English: it means traders are so worried about what the UK economy would look like post-Brexit, they’re pulling their money out of the UK, and actually paying the German government to more…

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Bilderberg 2016: “If I were a member of a technocratic elite that wanted its influence on public policy kept under wraps…”

It’s that time again!  The 64th Annual Bilderberg Meeting, “like a corporate cross between Santa Claus and a big friendly squid“, has just ended in Dresden, Germany.  Charlie Skelton was there again for the Guardian, and his post on Bilderberg 2016 is well worth reading in full.  It’s a “tickle under the chin of the more…

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“‘New language’, my arse!”

At his Broken Elbow blog Ed Moloney has some fun with the same Detail report that Brian noted in his recent post – “another important waypoint in SF’s bewildering, extraordinary journey“. I have read this piece several times. It is based on a speech given by SF MEP Matt Carthy and no matter how I hold it – more…

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News of investment in NI may be good enough to be true

Wow! 36 deals worth £392 million secured in the first quarter of 2016 I admit I don’t really understand what the figures mean and how much accrues to people who live and work in northern Ireland. Still, it seems like good news for the professional classes in high tech. In the first quarter of 2015, more…

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” Entrepreneurship is about building strong communities. It is about creating jobs and making business play its part in forming a better society for each of us to live and work in”

Gerry Carlile is a well known local businessman from West Belfast. He has written an interesting article about the need for a new generation of entrepreneurs to emerge in West Belfast to help drive the economy forward. This caught my eye as mostly it chimes with my own thinking that SME’s are Northern Ireland’s route more…

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“The report’s Canadian authors made their numbers add up by using a ‘Tory island’ model of small government, low taxes, free markets and no debt…”

In the Irish News, Newton Emerson has fun with the recent Sinn Féin re-launch [and re-re-launch! – Ed] of the report they commissioned, under cover of the “Knights of the Red Branch Inc”,  of the benefits of an economically right-wing united Ireland. From the Irish News An academic study showing Northern Ireland would be better off more…

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“Would you favour a united Ireland?”

With Sinn Féin trying, again, to drum up interest in the report they commissioned of an ‘independent’ modelling of the benefits of an economically right-wing united Ireland, TheJournal.ie reports on the responses of the RTÉ Claire Byrne Live / Amarách Research Panel to the question, “Would you favour a united Ireland?”. From TheJournal.ie report The question was posed “Would you favour more…

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The Chancellor leaves the NI Assembly’s Business Growth Strategy in Tatters following Budget 2016…

tax cut

Earlier today the Chancellor left the Northern Ireland Assembly’s Business Growth Strategy in Tatters following the release earlier today of Budget 2016. Many of us have argued on the Slugger Platform in recent years, that the current obsession by Stormont to put all of its economic eggs in the 12.5% Corporation Tax basket was misguided more…

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Back to the future – the only possible headline

Delorean tombstone

  Even now it’s hard to believe it ever happened. Remember the famous gull wings of the pride of Dumurry? And its big sell as the saviour of Northern Ireland with Protestant workers using one door of the factory and Catholics another? As it was written so it must be true, in the era of more…

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