Tag Archives | Economy

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…

Hamilton: “When faced with tough choices, we have made the right choices and chosen the best interests of the people of Northern Ireland”

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Two days ago Finance Minister, Simon Hamilton MLA presented his draft budget. Writing exclusively for Slugger, he argues that in this budget he has done what is right for Northern Ireland Constructing a Budget at any time is always a challenge. There is never enough money to spend on public services to meet all of more…

“Are you going to pay your water charges, Gerry?” – Redux

The Sinn Féin president, Gerry Adams, TD, would like to change his previous answer to the question.  Again.  Here’s his new new position on water charges “Sinn Féin is standing firmly with those families and hard pressed citizens who very simply cannot pay the Government’s water tax. As a mark of solidarity, I have decided that more…

North -South is a political gift going a-begging

Two cheers to the Financial Times (£) for giving space to one of the many topics that people in Northern Ireland who live close to it take for granted but shouldn’t. The story is headlined “Irish two-speed economy puts integration under pressure”. Sixteen years after the signing of the Good Friday Agreement that ushered in a more…

How do we unlock Northern Ireland’s tremendous potential?

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I still remember the spring of 2001. The palpable excitement I felt about something I’d dreamed of since my adolescence and, with sixth form drawing to a close, was finally in a position to realise: leaving Northern Ireland. I was one of the almost 18,000 who emigrated that year, a number that rose to just more…

Kicking the [financial] can down the road, again.

According to the BBC’s Mark Devenport, The Treasury has been asked to supply Stormont with a one-off loan of between £100m and £150m to ease its budgetary crisis, the BBC understands. According to the reports, the proposal was discussed with the UK Treasury by the NI First Minister, the DUP leader Peter Robinson, and the more…

Time to call Sinn Fein’s bluff over welfare

John Simpson, an economist who deserves to be trusted, dismissed the Great Welfare  Crisis as essentially bogus months  ago – yet his analysis seems to have failed to pass into political  debate and comment from the Business pages.   It might help if  critics of Sinn Fein’s grandstanding spoke on the basis  of an agreed analysis. OFFICIAL Treasury more…

Talks on the past, no talks on the welfare deadlock, a border poll? No prizes for guessing what they amount to.

 Government by tweet is a curse as it fends off searching inquiry. Twitter is a blessing for the non-information strategies of government by politburo. I’ve never known a time when it’s been more difficult for political correspondents to do their jobs.  Is Liam Clarke of the Belfast Telegraph right when he fears a slow slide more…

Lisa McElherron: Why Northern Ireland needs a living wage

NICVA has recently published some important research into the benefits of introducing a minimum wage in Northern Ireland. Writing for Slugger O’Toole, NICVA’s Head of Public Affairs, Lisa McElherron makes the case for its introduction Fifteen years ago the New Labour government introduced the National Minimum Wage (NMW). Critics vehemently argued that it would impose more…

A-levels: How to make some lemonade when you get handed a lemon

This is the time of year when students either celebrate success or drown their sorrows as the standard debate takes place about are these exams getting easier? And did Northern Ireland come first? Are you getting into the University of your first choice? It was August 2007 when it my turn to open up that more…

Martina Anderson MEP: “and if the British government lifts its ban on Executive access to the EIB…”

No update yet from Sinn Féin on the meeting they chose to trail a couple of days ago between three of their MEPs, led by the Derry Northern Ireland representative, Martina Anderson, and “the Vice-Chairman of the European Investment Bank (EIB) Jonathan Taylor”.  But let’s hope they were better briefed than the 15 July press release suggests, more…

“That is not a state of affairs they would expect to find in a competently run country.”

Riffing on the row over Garth Brooks’ non-concerts in Croke Park that has consumed local media attention, in the Irish Times John McManus has some pertinent points to make about the long-running saga of who controls the former Quinn Group companies – and the accompanying campaign of attacks and intimidation. In recent weeks one consortium, Quinn Business Retention more…

HBO’s Michael Lombardo: “Belfast is not the most cosmopolitan of cities to spend half of the year.”

With so much of some Northern Ireland Executive ministers‘ time and effort [and other people's money! - Ed] focused on exploiting the international success of HBO’s Game of Thrones to promote Northern Ireland overseas, it’s perhaps unfortunate, but refreshing, that HBO’s director of programming, Michael Lombardo, has given an honest answer to a straight question – as more…

Tourism figures for 2013 bring us down to earth

The figures for tourism to Northern Ireland in 2013 out last week show a more modest reality than the hype suggesting it’s just about the most visited place on the planet. The numbers visiting from overseas amounted to just 9,000.  Home holidays and short trips and family visits accounted for most of the rest. It’s not more…

“this month you will see a kind of victory for the Eurosceptics…”

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Ahead of the EU-wide parliamentary elections, a much needed overview from BBC Europe editor Gavin Hewitt of the state of the European Project and its extant political trilemma.  From Gavin Hewitt’s article Unless the polls are very wrong, sometime next weekend Europe will learn that at least a quarter of the seats in the next more…

The route to better government is clear. Why don’t the parties take it?

Nuff history  – Ed.  Thanks to Alan and Chris Donnelly for presenting significant data on how Northern Ireland is faring. The third CRC Peace Monitoring Report by Dr Paul Nolan reads  authoritatively, quite depressingly and utterly unsurprisingly. At around the same time, some polls have been published which broadly reflect the results but with the more…