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Budget 2020

Part of Northern Ireland – in the House of Commons on 18th March 2020.

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Photo of Brandon Lewis Brandon Lewis The Secretary of State for Northern Ireland

The Budget is a fantastic boost for Northern Ireland as we support the Executive to deliver on the public’s priorities, providing substantial investment for Northern Ireland’s economy with an additional £216 million in 2020-21. The economy will benefit from the announcements on tax cuts, including an increase to national insurance thresholds and the employment allowance. Since the Budget, we have also heard yesterday’s announcement, which will result in an additional £640 million for the Northern Ireland Executive, taking total covid-19-related Barnett consequentials to more than £900 million.