Response to the HM Treasury consultation on rebalancing the economy

//Response to the HM Treasury consultation on rebalancing the economy
Response to the HM Treasury consultation on rebalancing the economy 2015-07-20T10:04:10+00:00

Summary

The UK Government and the Northern Ireland Executive have a common objective to rebalance the Northern Ireland economy, to increase the size of the private sector and drive faster economic growth.

This consultation set out options that could be taken to support rebalancing of the Northern Ireland economy, including the issues involved in devolving the power to vary the corporation tax rate for profits in Northern Ireland.

The consultation paper also noted a number of reviews and strategies relating to non tax options including action being taken by the UK Government using UK wide powers and action by the Northern Ireland Executive using devolved policy powers to drive economic growth in Northern Ireland.

Download the response