Tag Archives | UK Treasury

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…

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…

Fiscal apocalypse: Northern Ireland spending exceeds tax by 39.3% of its GDP

There’s been a lot of complaining, mostly though not entirely from the SDLP, and certainly the unions, that OFMdFM ought to be fighting a better fight with Whitehall, and in particular HM Treasury… Well, according to Douglas McWilliams (H/T reader Stuart), here’s what Sammy Wilson is up against when it gets close and personal with Mr more…

“We are fully aware of the urgency of this matter…”

The BBC reports on a meeting today chaired by Northern Ireland Secretary of State, Owen Paterson, and attended by NI First and Deputy First Ministers Peter Robinson and Martin McGuinness, Finance Minister Sammy Wilson, Northern Ireland Minister Hugo Swire and Mark Hoban, financial secretary to the Treasury. The topic?  The troubled Presbyterian Mutual Society. From the more…