Northern Ireland Economy 2020-02-05
2020-02-05
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Response quality
Questions & Answers
Q1
Direct Answer
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The UK Government is providing significant funding to Northern Ireland through various programmes.
Robin Walker mentioned the success of attracting investment in Northern Ireland. Will he discuss corporation tax reduction, VAT on tourism, and air passenger duty with the Executive? He understands that both have been reduced in the Republic of Ireland.
My hon. Friend raises important points; I confirm that the Government are reviewing the devolution of APD, as previously committed, and that review is ongoing.
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Q2
Direct Answer
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There is a commitment to specific legislation on ensuring unfettered access between Northern Ireland and Great Britain.
Welcoming the success of Invest NI in attracting investment, will he discuss the importance of continuing unfettered access to the UK market for economic growth? It's essential for businesses to make investment decisions.
I recognise the importance raised; we are committed to having legislation in place by the end of the year, but discussions through usual channels will determine precise timing.
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Q3
Direct Answer
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The economy requires a skilled, motivated workforce which is supported by the skills base in Northern Ireland.
Acknowledging that the skills base needs support to grow, will he ensure that the voice of the Northern Irish economy is heard in relation to immigration policies? Some indications from the Migration Advisory Committee report are welcomed by businesses.
I congratulate my hon. Friend on re-election as Chair; he makes an important point, and I confirm that concerns will be communicated across Government including to the Home Office.
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Q4
Direct Answer
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Restoration of the Executive will unlock much potential in the Northern Ireland economy.
Recognising that restoration of the Executive will unlock potential, what benefits will the Northern Ireland economy receive from being part of the fifth largest economy in the world? There are new opportunities as we trade more globally and strike new free trade deals.
My right hon. Friend speaks with knowledge; she is correct that Northern Ireland's economy benefits from its membership of the United Kingdom, offering new opportunities as we trade globally and strike free trade deals.
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