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23/11/2016
NI Executive To Receive Additional £250m In Infrastructure Funding
Chancellor Philip Hammond has announced the Northern Ireland Executive is to receive an extra £250million in infrastructure funding.
Mr Hammond made the announcement as part of the Autumn Statement and said the funds from the Barnett Formula will be spread over the next four years.
Finance Minister Mairtin O Muilleoir tweeted: "More infrastructure funds welcome but lower growth forecast continuing austerity and cuts to resource budgets mean 'turbulence' still ahead."
The Northern Ireland Independent Retail Trade Association (NIIRTA) also welcomed the focus on infrastructure investment
NIIRTA Chief Executive Glyn Roberts said: "NIIRTA welcomes the additional £250 million for investment in our infrastructure and would urge the Executive to make the York Street Interchange a top priority for funding”
"Increasing the personal tax allowance is a positive step, allowing working people to keep more of their salaries and hopefully spend more in our retail sector."
(CD)
Mr Hammond made the announcement as part of the Autumn Statement and said the funds from the Barnett Formula will be spread over the next four years.
Finance Minister Mairtin O Muilleoir tweeted: "More infrastructure funds welcome but lower growth forecast continuing austerity and cuts to resource budgets mean 'turbulence' still ahead."
The Northern Ireland Independent Retail Trade Association (NIIRTA) also welcomed the focus on infrastructure investment
NIIRTA Chief Executive Glyn Roberts said: "NIIRTA welcomes the additional £250 million for investment in our infrastructure and would urge the Executive to make the York Street Interchange a top priority for funding”
"Increasing the personal tax allowance is a positive step, allowing working people to keep more of their salaries and hopefully spend more in our retail sector."
(CD)
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