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08/03/2013
NI 'Dependent' On Public Spending - Villiers
Theresa Villiers has claimed the Northern Ireland's economy is 'too dependent' on public spending.
The NI Secretary of State made the remark as she addressed politicians and business leaders at Stormont on Thursday.
As part of her speech, Ms Villiers talked about Northern Ireland's employment remaining "too high" and said the private sector would need to be revived.
The Secretary also added that UK government measures being taken to rescue the UK economy would "bear fruit" in Northern Ireland.
Ms Villiers believes reducing corporation tax would be a measure which could stimulate further economic growth. She said she would be urging her cabinet colleagues to resolve the matter.
"The prime minister is continuing to consider the case for devolving the power to set corporation tax to the assembly in order to help attract new investment," she said.
"He will be discussing this, along with other matters, with the first and deputy first minister when he meets them later this month."
Ms Villiers also said the G8 conference in Fermanagh in June at the Lough Erne golf resort should be viewed as an opportunity to showcase Northern Ireland and attract investment.
(IT)
The NI Secretary of State made the remark as she addressed politicians and business leaders at Stormont on Thursday.
As part of her speech, Ms Villiers talked about Northern Ireland's employment remaining "too high" and said the private sector would need to be revived.
The Secretary also added that UK government measures being taken to rescue the UK economy would "bear fruit" in Northern Ireland.
Ms Villiers believes reducing corporation tax would be a measure which could stimulate further economic growth. She said she would be urging her cabinet colleagues to resolve the matter.
"The prime minister is continuing to consider the case for devolving the power to set corporation tax to the assembly in order to help attract new investment," she said.
"He will be discussing this, along with other matters, with the first and deputy first minister when he meets them later this month."
Ms Villiers also said the G8 conference in Fermanagh in June at the Lough Erne golf resort should be viewed as an opportunity to showcase Northern Ireland and attract investment.
(IT)
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Northern Ireland WeatherToday:A largely cloudy day with occasional rain. Turning drier and brighter for a time in the afternoon and feeling very mild. Light southerly winds becoming strong with gales later along the County Down coast. Maximum temperature 13 °C.Tonight:Cloudy with outbreaks of rain, these heavy at times. Strong southerly winds, with gales in the evening across eastern counties, becoming westerly later. Minimum temperature 8 °C.
