Wed 13th Mar 2019
NI Chamber comments on Spring Statement
Commenting on the Chancellor’s Budget, Chris Morrow, Head of Policy at Northern Ireland Chamber of Commerce and Industry (NI Chamber), said:
“As expected, in light of the current series of Brexit votes, the Chancellor’s Statement had little to offer, especially with regards to Northern Ireland.
“Derry/Londonderry will welcome Philip Hammond’s comment that the negotiation of a City Deal for Derry is ‘progressing’, despite him failing to provide further details. NI Chamber is fully supportive of the Derry/Londonderry City Deal and we hope this gets over the line soon.
“The Chancellor commented that a no-deal Brexit will result in a ‘significant’ short to medium-term reduction in productivity. This is extremely concerning, especially for Northern Ireland, which already has productivity levels amongst the worst in Europe and the lowest across the UK regions. This is yet another reason why we cannot afford a ‘no-deal’ Brexit scenario and why Parliament must take concrete action tonight and in the coming days to avoid that situation.”