29/10/2018

Retailers Miss Out On Budget Plans Due To Political Impasse

SDLP Business Spokesperson Pat Catney has expressed his frustration that businesses in Northern Ireland will miss out on investment due to the lack of an Executive at Stormont.

Chancellor Philip Hammond is due to announce a financial package that will give a £1.5 billion boost to small High Street retailers as part of his budget on Monday 29 October.
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The MLA for Lagan Valley said: "Northern Ireland should receive a percentage of this through the Barnett formula, yet businesses here can't avail of this."

He explained that there will be a further disparity between companies here and in the rest of the UK because of "the ongoing democratic deficit".

"Questions need to be asked when enough is enough," Mr Catney said.

"Businesses, schools, and our health service are suffering as our political deadlock trundles on.

"This money could have been helpfully invested into high streets across NI helping to rejuvenate our towns and cities, and provide a much needed boost for struggling businesses here."



(JG/MH)

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