Shared Prosperity Fund

Part of Oral Answers to Questions — Finance – in the Northern Ireland Assembly at 2:45 pm on 16 September 2024.

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Photo of Caoimhe Archibald Caoimhe Archibald Sinn Féin 2:45, 16 September 2024

I have been consistent in highlighting the underinvestment in our public services and the fact that, with the new Government in place, after 14 years of austerity and chaos under the previous Tory Government, we need a change of approach. We need the prioritisation of investment in public services and in ordinary workers and families. Those who have the broadest shoulders — those who can afford the most — should pay the most. I have consistently put that message across to the British Government, and I did so to the Chancellor last week.

Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.

Tory

The political party system in the English-speaking world evolved in the 17th century, during the fight over the ascension of James the Second to the Throne. James was a Catholic and a Stuart. Those who argued for Parliamentary supremacy were called Whigs, after a Scottish word whiggamore, meaning "horse-driver," applied to Protestant rebels. It was meant as an insult.

They were opposed by Tories, from the Irish word toraidhe (literally, "pursuer," but commonly applied to highwaymen and cow thieves). It was used — obviously derisively — to refer to those who supported the Crown.

By the mid 1700s, the words Tory and Whig were commonly used to describe two political groupings. Tories supported the Church of England, the Crown, and the country gentry, while Whigs supported the rights of religious dissent and the rising industrial bourgeoisie. In the 19th century, Whigs became Liberals; Tories became Conservatives.