Oral Answers to Questions

Debate between Shailesh Vara and Emma Little Pengelly

Wednesday 21st March 2018 Commons Chamber

[Mr Vara]

We very much hope that the devolved Assembly will be up and running, because it is for the Assembly to take the decision of reducing corporation tax. We are very committed to it doing that on the basis that it can show sustainable finances.

[Emma Little Pengelly (Belfast South) (DUP)]

Despite the ongoing political situation, Northern Ireland has had a very positive business environment this year, particularly in relation to foreign direct investment. Will the Minister consider establishing a formal and regular business forum to include Invest NI and organisations and local businesses in Northern Ireland, to ensure that they can maximise opportunities that arise from the UK leaving the EU?

[Mr Vara]

The hon. Lady makes a good point. I have just been assured by my right hon. Friend the Business Secretary that he would be happy to participate in such a venture.