Economic Situation: Northern Ireland

Northern Ireland Office written question – answered at on 24 March 2020.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what assessment they have made of the effect of Budget 2020, announced on 11 March, on the Northern Ireland economy.

Photo of Viscount Younger of Leckie Viscount Younger of Leckie Lord in Waiting (HM Household) (Whip)

In the Budget, Northern Ireland was provided with £216m in additional investment to support the Executive in delivering the public’s priorities. The Northern Ireland economy will benefit from other announcements in the Budget on tax cuts, including an increase to National Insurance thresholds and the Employment Allowance.

The Budget also allocated an additional £260m to Northern Ireland for Covid-19 related measures. The Budget and subsequent announcements by the Chancellor has provided the Northern Ireland Executive with over £900m to support people and business in Northern Ireland through the impacts of Covid-19.

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