04/10/2013
Belfast 'Key' To NI Recovery
A strong and successful Belfast is a key component of economic recovery in Northern Ireland, according to Finance Minister Simon Hamilton.
The Minister was speaking at the Belfast Media Group's 'Belfast Business Top 50 Awards' at Stormont.
He said: "The importance of Belfast to the Northern Ireland economy cannot be underestimated. It is the gateway through which the majority of tourists enter Northern Ireland. It is the place that scores of blue chip companies choose to invest in. And, it is an enormous driver of economic activity across the whole of our country. Northern Ireland needs a socially, culturally and economically strong Belfast.
Continuing, the Minister said: "The Review of Public Administration presents us with an unprecedented opportunity to continue that positive change by utilising the powers that will be devolved to the new Council to invest in much needed infrastructure.
"Belfast and Northern Ireland have come through tough economic times. At long last, the signs are filling us with hope instead of despair.
"What we’ve hopefully learnt during the downturn is that the economy that emerges from the crisis will be a distinctly different one from that which entered it in 2007. It isn’t a matter of riding out the storm and seeing us return to the boom times of the early part of this century. The new normal will be lower growth and less public spending. Companies will need to innovate continually and persistently look outside Northern Ireland for new opportunities."
(IT/CD)
The Minister was speaking at the Belfast Media Group's 'Belfast Business Top 50 Awards' at Stormont.
He said: "The importance of Belfast to the Northern Ireland economy cannot be underestimated. It is the gateway through which the majority of tourists enter Northern Ireland. It is the place that scores of blue chip companies choose to invest in. And, it is an enormous driver of economic activity across the whole of our country. Northern Ireland needs a socially, culturally and economically strong Belfast.
Continuing, the Minister said: "The Review of Public Administration presents us with an unprecedented opportunity to continue that positive change by utilising the powers that will be devolved to the new Council to invest in much needed infrastructure.
"Belfast and Northern Ireland have come through tough economic times. At long last, the signs are filling us with hope instead of despair.
"What we’ve hopefully learnt during the downturn is that the economy that emerges from the crisis will be a distinctly different one from that which entered it in 2007. It isn’t a matter of riding out the storm and seeing us return to the boom times of the early part of this century. The new normal will be lower growth and less public spending. Companies will need to innovate continually and persistently look outside Northern Ireland for new opportunities."
(IT/CD)
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.