Oral Answers to Questions

Debate between Lord Swire and Sammy Wilson

Wednesday 7th March 2012 Commons Chamber

[Sammy Wilson (East Antrim) (DUP)]

Economic development in Northern Ireland is being held up by the reluctance of banks to lend to viable businesses and their withdrawing of capital from existing businesses. What discussions has the Minister had about whether banks in Northern Ireland are meeting their Merlin targets? Also, why is it that the Merlin target figures can be published for Scotland, but not for Northern Ireland?

[Mr Swire]

The hon. Gentleman makes an extremely good point, which he also made in the Finance Ministers quadrilateral last week. We need to get more lending to companies in Northern Ireland, where we are fishing in a smaller pool because we do not have so many banks to lend. We want to see those figures and to work together to see how we can get more lending to smaller companies.

Oral Answers to Questions

Debate between Lord Swire and Sammy Wilson

Wednesday 10th November 2010 Commons Chamber

[Sammy Wilson (East Antrim) (DUP)]

One of the impacts on the private sector will be the huge reduction of 40% in capital spending over the next four years, and there is disagreement about whether the settlement honours the St Andrews agreement settlement on capital spending. In the one area where there is dispute, does the capital settlement for Northern Ireland include capital spending on the police? Is that part of the Minister’s assessment of the total capital budget for Northern Ireland?

[Mr Swire]

The hon. Gentleman knows that under the previous Government the reduction was likely to be 50% of capital expenditure. Under us it is 37% over four years. In response to his comments on policing and justice, I can tell him that we stand by the commitments. As he knows, the Northern Ireland Executive’s capital allocation of £3.3 billion over the spending review period will permit those costs to be met, but there will be difficult decisions, and unfortunately it is up to the hon. Gentleman, as the Finance Minister at Stormont, to make those difficult decisions. It is up to him and the Executive, and I support his attempts to get them to form a budget.