Corporation tax: put us out of our misery

The Financial Times (£) carries a blunt warning from Bombardier, Northern Ireland’s largest employer, that it will lose its ability to invest in the province unless the end of regional aid at the behest of the EU is offset by a cut in corporation tax. This gets down to the bottom line after years of teasing on the subject. (Incidentally has any other news organisation bothered to report this? I can find nothing on line).

The FT also reports:

Long talks between the Northern Ireland executive and Treasury officials agreeing the formula to calculate the cost of cutting the rate are expected to conclude on Thursday.

What then? With both front benches at Westminster cool on a cut, will any minister in any legislature have the guts to come out and confess the idea is dead?  Or suddenly, that it’s a goer for NI and a pro-Union sweetener for Scotland as the referendum campaign is launched?

We are reader supported. Donate to keep Slugger lit!

For over 20 years, Slugger has been an independent place for debate and new ideas. We have published over 40,000 posts and over one and a half million comments on the site. Each month we have over 70,000 readers. All this we have accomplished with only volunteers we have never had any paid staff.

Slugger does not receive any funding, and we respect our readers, so we will never run intrusive ads or sponsored posts. Instead, we are reader-supported. Help us keep Slugger independent by becoming a friend of Slugger. While we run a tight ship and no one gets paid to write, we need money to help us cover our costs.

If you like what we do, we are asking you to consider giving a monthly donation of any amount, or you can give a one-off donation. Any amount is appreciated.