Glyn Davies
Main Page: Glyn Davies (Conservative - Montgomeryshire)Department Debates - View all Glyn Davies's debates with the Cabinet Office
(9 years, 4 months ago)
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Glyn Davies (Montgomeryshire) (Con)
1. What steps her Department is taking to strengthen the economy of, and increase inward investment to, Northern Ireland.
Robert Jenrick (Newark) (Con)
2. What steps her Department is taking to strengthen the economy of, and increase inward investment to, Northern Ireland.
The Parliamentary Under-Secretary of State for Northern Ireland (Dr Andrew Murrison)
May I first thank you, Mr Speaker, Opposition Front Benchers and the House for your indulgence in allowing the Secretary of State to be absent, exceptionally, today? As you know, she is chairing the extremely important talks at Stormont, and we hope that they will come to a satisfactory conclusion very soon. She takes her duties in this House very seriously, as you know, and she is grateful to you for your indulgence today.
The Government’s long-term economic plan is working for Northern Ireland, and the UK Government continue to work with the Executive to promote Northern Ireland as a great place to invest. Political stability is paramount in attracting further investment, and I encourage the parties to make significant progress in the current cross-party talks.
Glyn Davies
As a result of the autumn statement, 12,000 people in Northern Ireland will be lifted out of income tax altogether following the increase in personal allowances, and almost every home buyer will pay less stamp duty. Does my hon. Friend agree that the autumn statement will bring great benefit to the whole of Northern Ireland and its people?
Dr Murrison
Yes, I very much do. It is quite clear that we need to increase prosperity in Northern Ireland. Prosperity is the key to improving security, as indeed is security to the prosperity of Northern Ireland. It is worth noting the substantial amount of foreign direct investment that Northern Ireland is now attracting. It gets the UK’s second most FDI per head, with a 32% increase last year. Foreign investors are recognising that Northern Ireland is a great place in which to invest. The latest figures are extremely encouraging.