Talks Progress Must Be Made - NI Secretary

Theresa Villiers has said the chance to make progress in the latest round of political talks in Northern Ireland must not be missed, after Chancellor George Obsorne said he would devolve corporation tax in the event of agreement.

The Secretary Of State said: "We’ve now concluded the eighth week of talks, which saw a very significant development with the Chancellor committing to legislate to devolve corporation tax rate-setting powers, if the parties can agree a credible course to put Executive finances on a sustainable footing.

"This is very good news for Northern Ireland and it makes it more important than ever that these talks result in an agreement. The clock is ticking. If we are going to get legislation through before the general election, it needs to be introduced into Parliament in the next couple of weeks. We should not let this chance slip through our fingers."

MLAs and party leaders are currently engaging in talks to resolve issues in Northern Ireland surrounding flags, parades and the legacy of the Troubles.

The latest round follows deadlock last Christmas, after parties were unable to agree on proposals set by US peace envoys Dr Richard Haass and Meghan O'Sullivan.

"Over the past week there has been encouraging input by all participants, but there still remains much to be done," Ms Villiers said. "I recognise that we are working through some extremely sensitive issues, but it is imperative that all the parties continue to engage positively in the interests of bringing about stable and effective government for all in Northern Ireland."

(IT/CD)