If budget cannot be set, Executive will have to get on with Sinn Fein’s cuts…

Simon Hamilton on Radio Ulster this morning

“If we do overspend, which now looks likely, and not to the tune of a couple of million pounds but around £200 million possibly of a breach of our budget, the least worst consequence of that is the Treasury will take whatever much we overspend off our budget next year and, as everybody knows, our budget next year is already under incredible pressure, not least because we face a further £114 million worth of fines because of welfare reform and not moving on that legislation.”

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty