Mon 26th Jun 2017
NI Chamber comments on Conservative Party and DUP Deal
Commenting on this morning’s announcement that the Conservative Party and the Democratic Unionist Party (DUP) have reached an agreement on support for the government in Parliament, Ann McGregor, Chief Executive of Northern Ireland Chamber of Commerce and Industry (NI Chamber), said:
“Earlier this month NI Chamber stressed the importance of a deal that would benefit everyone in Northern Ireland – one that is inclusive and eases the economic uncertainty that we’ve been enduring for so long. Therefore we welcome the elements to the deal that cover key areas including the economy, infrastructure, health and education.
“The allocation of extra funds to help deliver key infrastructure projects will have positive knock-on effects, as they open up supply chains, generate new contracts for businesses, as well as enhance access to labour and new markets. Road schemes such as the York Street Interchange will do much to ease congestion on heavily trafficked roads in the region, helping businesses to move products and goods more efficiently and in the process reduce costs.
“Also the devolution of Corporation Tax is now going to move ahead with a revised timetable for its introduction, details on how it might be flexibly managed and with options being developed for the Autumn Budget in 2017 – this will set the process in motion once again within a realistic time framework. This, alongside the establishment of City Deals, will prove attractive to investors.
“On the issue of exports we welcome the government’s pledge to ensure that Northern Ireland plays a full role in initiatives to boost international sales which means local companies can grow and excel against the background of Brexit.
“However one of the biggest issues consistently facing our members is the shortage of skilled workers and although this isn’t referenced directly in the document, it is important that we see dialogues by government on this issue in the near future.
“Again we stress how Northern Ireland’s political parties must come to an agreement that will allow our own government to start again. We need the Northern Ireland Executive to reform, to agree a final Programme for Government, an economic strategy, and to establish a single Northern Ireland action plan on Brexit which will address key business concerns.”
Full details of the agreement can be accessed online by clicking HERE