Oral Answers to Questions
Debate between Al Pinkerton and Hilary Benn(1 month ago)
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Dr Al Pinkerton (Surrey Heath) (LD)
The budget sustainability plan highlights that Northern Ireland has been systemically underfunded, with the fiscal council estimating an annual shortfall of between £300 million and £400 million since 2022. Meanwhile, the Northern Ireland Executive reported a £559 million overspend between 2022 and 2024. What measures are the Government taking to address Northern Ireland’s immediate budgetary pressures, ensure long-term financial stability and equitable funding, and, crucially, guarantee sustainable public services?
Hilary Benn
In addition to the £3.3 billion package that followed the restoration of the Executive, the Executive gained £185 million in July when the main estimates were published. In order to avoid having to repay the debt that the hon. Member refers to, they have to put their finances on a sustainable path, deliver a balanced budget, and raise the additional £130 million revenue to which they committed when the deal was done. The fiscal council’s view is that 124% is the right funding.
Northern Ireland City Deals
Debate between Al Pinkerton and Hilary Benn(1 month, 2 weeks ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Hilary Benn
I am grateful to the hon. Gentleman, whom I welcome to his post—this is, I think, the first time we have faced each other. He makes a fair point about the areas covered by the two deals that have been paused, and the contrast between them and Derry and Strabane, and Belfast. It is important that, in the end, we see economic growth right across Northern Ireland, so I do not dissent from his proposition, but the reason we are in this difficulty is the legacy that this Government have found. Any responsible Chancellor must, in the circumstances, find a way of straightening out the public finances, which were left to us in a really bad state.