Irwin sees good and bad in 2012 Budget

The 2012 Budget has left local political representatives seething with rage after British Chancellor George Osbourne announced cuts across Northern Ireland. Local DUP MLA William Irwin, however, insists there are several parts of it that will be good for the local community.

Irwin MLA commented, “Some aspects of this budget represent good news for Northern Ireland including the devolution of Air Passenger Duty and the announcement of a nation-wide reduction in corporation tax, something that will help bring us closer to the rate of the Republic which is our nearest economic rival.The film industry in Northern Ireland is growing and changes to the tax incentives in this sector should see this important growth area continue to expand.”

He added,  “The big headlines of course refer to the tax breaks for high rate tax payers which effectively cuts the tax paid by the top 2% of taxpayers which is a ridiculous decision given that many families can’t afford to heat their homes and with fuel rising another 3p it will become even more difficult to run a vehicle and get to work. We pay more for fuel than any other part of Europe and it seems in this budget that the Coalition have pinched from the poor and gave to the rich, it beggars belief.”

Budget Special:
Newry pensioners could be hit hardest by 2012 budget
Irwin slams fuel price hike in 2012 Budget
SDLP’s Dominic Bradley critical of Chancellor’s budget
Conor Murphy: ‘Any benefits will be wiped out by fuel duty increases’
Newry Times Budget 2012 special

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Posted by Newry Times News on Mar 25 2012. Filed under Budget 2012, News, Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry