Owen Paterson
Main Page: Owen Paterson (Conservative - North Shropshire)Department Debates - View all Owen Paterson's debates with the Northern Ireland Office
(4 years, 9 months ago)
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Mr Owen Paterson (North Shropshire) (Con)
One of the ways of consolidating the benefits of leaving the EU would be to make Northern Ireland the most attractive part of the UK to trade. When I was Secretary of State, we had an all-party campaign that had the support of all the business community. Thanks to the tremendous efforts of my successor, my right hon. Friend the Member for Chipping Barnet (Theresa Villiers), the Executive now have the power to reduce corporation tax. Some Members of the Executive are a bit gloomy about this. What steps are the Government taking to encourage Members of the Executive to take this amazing power to match corporation tax in the Republic of Ireland?
Mr Walker
My right hon. Friend makes a very important point—of course, he speaks with considerable experience in this area. It is right that we agreed, as part of previous agreements, that the Executive should have that power. If Ministers from the Executive wish to use it, we stand ready to engage with them, as long as they can show that the finances of the Northern Ireland Executive will be sustainable on the basis of any move in corporation tax.