Stormont House Agreement

Ian Paisley Excerpts
Wednesday 7th January 2015

(9 years, 4 months ago)

Commons Chamber
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Theresa Villiers Portrait Mrs Villiers
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On rebalancing the economy, as I have said, the devolution of corporation tax—assuming that the conditions are met—could have a transformative effect. In addition, the economic pact sets out other means to deliver the competitiveness that Northern Ireland needs to rebalance its economy. It will require reform of the planning system—that was proposed in the Assembly, but has not progressed as yet; crucially, a strong focus on skills and education; and measures to reduce red tape, which is why the pact contains a commitment by the Executive to a reduction of red tape. The Enterprise Minister has followed that up with some important work.

Ian Paisley Portrait Ian Paisley (North Antrim) (DUP)
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I welcome the advance copy of the statement that the Secretary of State gave us, but I am rather perplexed at the attitude towards corporation tax of the Labour Front-Bench team. We have worked hard to achieve this, and for it to be delayed would be a shame.

On the financial agreement, the Secretary of State said that she would allow the proceeds of specific agreed asset sales to be retained entirely by Northern Ireland. What are those assets? Will she confirm whether they include the port of Belfast, Translink, the water service and/or Northern Ireland car parks?

Theresa Villiers Portrait Mrs Villiers
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It is important that the Executive give proper consideration to those and all other assets of a similar nature, but it would not be right for me to prejudge what sale proposals the Executive might develop. Each asset will be considered in relation to the provision in the agreement’s financial annexe.