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29/09/2010
Exchequer Cuts To Be 'Careful'
NI's budget share from the UK Exchequer will be reduced by £2bn over four years. That's the bad news emanating from yesterday's meeting between the First and Deputy First Ministers and the Chancellor, George Osborne in London.
However, the 'better news' is that Stormont boss, Peter Robinson said they had put the case for NI to be treated with special care, particularly in relation to cuts in capital spending.
Martin McGuinness also said the British Chancellor had agreed to show flexibility in dealing with Northern Ireland, despite Mr Osborne's anticipated 'severe cuts' to public spending on 20 October.
The Executive Finance Minister Sammy Wilson has long predicted the local budget could lose as much as £2bn over the next four years and has called for contingency plans to be put in place. See: Wilson Sounds Stormont Budget Warning
(BMcC/KMcA)
However, the 'better news' is that Stormont boss, Peter Robinson said they had put the case for NI to be treated with special care, particularly in relation to cuts in capital spending.
Martin McGuinness also said the British Chancellor had agreed to show flexibility in dealing with Northern Ireland, despite Mr Osborne's anticipated 'severe cuts' to public spending on 20 October.
The Executive Finance Minister Sammy Wilson has long predicted the local budget could lose as much as £2bn over the next four years and has called for contingency plans to be put in place. See: Wilson Sounds Stormont Budget Warning
(BMcC/KMcA)
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28 September 2010
Wilson Sounds Stormont Budget Warning
Ahead of new month's UK Comprehensive Spending Review (CSR) - that could mean a cut of up to £2bn in the NI budget - it has emerged that an alleged failure by some Stormont ministers to cooperate with the Finance Minister's plans may delay the publication of his own draft budget.
Wilson Sounds Stormont Budget Warning
Ahead of new month's UK Comprehensive Spending Review (CSR) - that could mean a cut of up to £2bn in the NI budget - it has emerged that an alleged failure by some Stormont ministers to cooperate with the Finance Minister's plans may delay the publication of his own draft budget.
22 November 2010
Fianna 'Failed' The Irish People
After weeks of speculation, the Irish Government has formerly applied for an economic rescue package from Europe. Taoiseach Brian Cowen and Finance Minister Brian Lenihan on Saturday night confirmed Europe agreed to the opening of formal negotiations to allow Ireland to seek financial assistance.
Fianna 'Failed' The Irish People
After weeks of speculation, the Irish Government has formerly applied for an economic rescue package from Europe. Taoiseach Brian Cowen and Finance Minister Brian Lenihan on Saturday night confirmed Europe agreed to the opening of formal negotiations to allow Ireland to seek financial assistance.
24 May 2010
Cuts To Cost NI Further £128m
Further cuts are to be made in NI's already reduced spending budget.
Cuts To Cost NI Further £128m
Further cuts are to be made in NI's already reduced spending budget.
04 March 2011
Budget Spending Close To Agreement
There have been both winners and losers as a 'final' budget package is presented to a special session of the Stormont Assembly today. The package has also had both backers who favour the harsh economic measures and those who have opposed it - and even voted against the deal.
Budget Spending Close To Agreement
There have been both winners and losers as a 'final' budget package is presented to a special session of the Stormont Assembly today. The package has also had both backers who favour the harsh economic measures and those who have opposed it - and even voted against the deal.
23 February 2005
Brown sets March 16 date for Budget
Chancellor Gordon Brown has announced that he will deliver his next Budget to the House of Commons on March 16. The Budget speech will be delivered at 12:30 GMT, just after Prime Minister's Question Time.
Brown sets March 16 date for Budget
Chancellor Gordon Brown has announced that he will deliver his next Budget to the House of Commons on March 16. The Budget speech will be delivered at 12:30 GMT, just after Prime Minister's Question Time.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
