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Public Expenditure: Northern Ireland

Treasury written question – answered on 12th December 2011.

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Photo of Jeffrey M. Donaldson Jeffrey M. Donaldson Shadow DUP Spokesperson (Equality), Shadow DUP Spokesperson (Energy and Climate Change), Shadow DUP Spokesperson (Defence)

To ask the Chancellor of the Exchequer whether factors other than the application of the Barnett formula were used to determine the block grant to Northern Ireland announced in October 2010.

Photo of Danny Alexander Danny Alexander The Chief Secretary to the Treasury

In addition to Barnett consequential, the Northern Ireland Executive received £25 million to set up an access fund to ensure a fair and just resolution of issues arising from the collapse of the Presbyterian Mutual Society. They were also granted an additional £175 million of borrowing in order to create headroom within NIE's budget for a loan to the PMS administrator to facilitate an orderly disposal of assets.

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