Economic Prospects

Part of Northern Ireland – in the House of Commons on 24th June 2020.

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

I think we are all looking forward to being completely free of the shackles of the European Union. We in the UK Government remain committed to supporting the Executive to achieve the devolution of corporation tax, so that they will have the power to make the decision that my hon. Friend has outlined. In the Stormont House and subsequent “Fresh Start” agreements, we made it clear that these powers would be devolved and provided, subject to the Executive demonstrating that their finances are on a sustainable footing for the long term. It is for the Northern Ireland Executive to take the steps necessary to place those finances on a sustainable footing, such as by putting in place the fiscal council, which I hope they will do very swiftly.