(2 years, 7 months ago)
Commons ChamberMay I first wish the hon. Lady a very happy birthday? Do not worry—I can assure the House that I will not be singing.
The shared prosperity fund is a central pillar of the Government’s ambitious levelling-up agenda and will deliver for communities across Northern Ireland. The fund will inject around £127 million into Northern Ireland over the next three years to support communities, boost local business, and invest in people and skills. We will be working closely with the Northern Ireland Executive and other key stakeholders to develop a plan that reflects the needs of Northern Ireland’s economy and society.
I thank the Secretary of State for his kind words.
According to the latest Asda Cebr income tracker, Northern Ireland has seen the largest relative fall in discretionary income, amounting to a huge drop of 13.3%. Living standards in Northern Ireland are under the most pressure in the UK, thanks to the Tory cost of living crisis, made in Downing Street. Does the Secretary of State agree that short-changing Northern Ireland with the shared prosperity fund, as in Wales, will only make things worse?
Actually, we are boosting our investment in Northern Ireland. If the hon. Lady looks back over the past couple of years, to the previous spending review and the current one, she will see that we have just put in the largest block grant budget for Northern Ireland since devolution began in 1998, and that is aside from the extra investment we are making through the community renewal fund and the new deal, with £400 million for a range of infrastructure projects. We are making the biggest investment in Northern Ireland in decades, and I am proud of that. But she is right that we need to see productivity and employment continue to grow in Northern Ireland, as they have over the past few months, so that we have a prosperous Northern Ireland that can build on the benefits of the Good Friday agreement.