Clarke disappointed by NI corporation tax meeting

Posted by
Wednesday, June 27th, 2012
Alliance Newcastle Councillor Patrick Clarke has expressed his disappointment that talks about the devolution of corporation tax varying powers to Northern Ireland between the Executive, the Northern Ireland Office and the Treasury have broken up without agreement. Speaking to Newry Times, Clarke stated, “I had anticipated albeit without surprise that this matter would have been progressed before the summer but failure to find common ground around the associated costs means that there is little prospect of devolution anytime soon. Our economy in the North has become stagnant with our reliance on our public sector. Whilst everyone accepts that this is not a silver bullet to resolve all of the challenges facing the Northern Ireland economy, it is clear that it represents the kind of significant change which could transform our economic competitiveness.” “The North is the only part of the UK with a land border with another country that has a very low corporation tax rate and there is evidence from an Oxford Economics report that around 57,000 jobs could be created here in the North if we were to lower our corporation tax rate.” He added, “Business leaders have been calling for the powers to be devolved to Northern Ireland as they can clearly see the advantage that a lower rate would provide. Our private sector deserves better to support them by progressing this very important issue regarding corporation tax for the North of Ireland.”
Both comments and pings are currently closed.

Comments are closed


This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing

Log in