Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

Mark Durkan Excerpts
Wednesday 15th September 2010

(14 years, 1 month ago)

Commons Chamber
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Owen Paterson Portrait Mr Paterson
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I entirely agree with my hon. Friend. Let me give one figure: 77.6% of Northern Ireland’s GDP is dependent on public spending. That is clearly wholly unsustainable, and our proposal is to rebalance the Northern Ireland economy—which I estimate will take at least 25 years—by a number of measures that could include the devolution of corporation tax rates, thereby allowing the local Executive to reduce them.

Mark Durkan Portrait Mark Durkan (Foyle) (SDLP)
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In the Secretary of State’s consideration and representations on these matters, will he take particular account of the circumstances of border areas? Is he prepared to receive proposals on cross-border economic zones and their tax treatment, not least in the north-west, so that we can win investment and employment on the back of the cross-border Project Kelvin?

Owen Paterson Portrait Mr Paterson
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I am open to any ideas that will help to revive the private sector in Northern Ireland, which we all agree is too small. If the hon. Gentleman would like to make suggestions, my door will always be open. However, he should remember that a lot of this is devolved, with the decisions in the hands of his colleagues in the Assembly, and that this is a team game.