‘Spending Review doesn’t provide foundation for economic recovery’ – Conor Murphy 

Posted by
editor@newrytimes.com
Thursday, November 26th, 2020
Politics

Northern Ireland Finance Minister Conor Murphy has responded to the Comprehensive Spending Review outcome announced yesterday by the Chancellor.

 

Embed from Getty Images

 

Conor Murphy said, “Covid and Brexit create huge challenges for our economy and public services. In that context today’s announcement is disappointing.

 

 

“The Executive’s budget for everyday spending on public services stands still while Capital investment needed to kick-start an economic recovery only increases marginally.”

With the deadline to leave the EU looming, Minister Murphy commented on the Shared Prosperity Fund which is intended to replace EU funding.

 

Copywriter Ireland - Paul Malone, Tall Paul Marketing, Freelance Belfast Copywriter - Tall Paul Marketing Blog Writer - Copywriter NI

 

“The British Government promised to fully replace the Executive’s lost EU funding.

 

 

“This promise is absent from the Spending Review.

“Furthermore, it appears that replacement funding will be controlled by the British Government rather than by local Ministers which is unacceptable.

“The Chancellor’s announcement on freezing pay in the public sector is disappointing and will have implications for the funding of pay awards here.”

 

 

The Minister added, “The announcement does not deliver the funding we need to support the health service, public services, vulnerable people, businesses and workers.”

 

Keep up to date with the latest Northern Ireland business news, marketing tips and tricks and advice for local businesses on the Tall Paul Marketing website.

 

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 editor@newrytimes.com

Log in