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Wilson worried by bloc grant cut | Wilson worried by bloc grant cut |
(about 2 hours later) | |
Finance Minister Sammy Wilson has said he is worried that the Northern Ireland bloc grant could be slashed in Alistair Darling's budget cuts. | Finance Minister Sammy Wilson has said he is worried that the Northern Ireland bloc grant could be slashed in Alistair Darling's budget cuts. |
The Chancellor will outline his latest budget plans on Wednesday. | The Chancellor will outline his latest budget plans on Wednesday. |
It is thought he may make announcements on VAT, Stamp Duty and Inheritance Tax and detail what savings are required across Government departments. | It is thought he may make announcements on VAT, Stamp Duty and Inheritance Tax and detail what savings are required across Government departments. |
Mr Wilson said the Chancellor had already said he would be looking for £3bn worth of Government efficiencies. | Mr Wilson said the Chancellor had already said he would be looking for £3bn worth of Government efficiencies. |
He said that Northern Ireland would bear "a proportion of that" and that if it was on a pro rata basis this would amount to about £100m. | He said that Northern Ireland would bear "a proportion of that" and that if it was on a pro rata basis this would amount to about £100m. |
"If you are told your bloc grant is going to be reduced by that amount of money then you've got to find it: this will not be negotiable with the Treasury," he said. | "If you are told your bloc grant is going to be reduced by that amount of money then you've got to find it: this will not be negotiable with the Treasury," he said. |
Cutting | |
Employment and Learning minister Sir Reg Empey said that demand for the services his department were providing was going up because of rising unemployment. | Employment and Learning minister Sir Reg Empey said that demand for the services his department were providing was going up because of rising unemployment. |
"If we have to start cutting that will effect the service we can deliver - that's inevitable," he said. | "If we have to start cutting that will effect the service we can deliver - that's inevitable," he said. |
Northern Ireland has traditionally had a larger reliance on the public sector than the rest of the UK. | Northern Ireland has traditionally had a larger reliance on the public sector than the rest of the UK. |
Alliance Economy spokesman Stephen Farry said that this may prove to be an Achilles' heel for the local economy. | Alliance Economy spokesman Stephen Farry said that this may prove to be an Achilles' heel for the local economy. |
"Whenever there have been recessions in the past this has been a cushion that has seen us through the difficulties, for example in the early 90s when the UK went through a recession Northern Ireland didn't," he said. | "Whenever there have been recessions in the past this has been a cushion that has seen us through the difficulties, for example in the early 90s when the UK went through a recession Northern Ireland didn't," he said. |
"But this time because we are potentially seeing cuts in public spending to pay off the debt this becomes a very doubled-edged sword." | "But this time because we are potentially seeing cuts in public spending to pay off the debt this becomes a very doubled-edged sword." |