Secretary of State Owen Paterson MP Welcomes High Level of Response to Corporation Tax Consultation
The Treasury consultation on rebalancing the Northern Ireland economy, which included discussion of the devolution of the powers to set Corporation Tax, closed on 8 July 2011. Over 700 responses have been received.
Secretary of State Owen Paterson said,
‘I am delighted that the Treasury has received so many responses to this very important consultation. All five of the parties in the Executive attended the launch and backed devolving corporation tax powers to the Assembly. The establishment of Grow NI saw the coming together of a broad coalition of business and other organisations in support. In all there was a very high level of participation from across Northern Ireland which is exactly what we wanted to see on such an important issue.
Rebalancing and rebuilding the economy is critical to the future prosperity of Northern Ireland and it is one of the Government’s key priorities for Northern Ireland . We are committed to working closely with the local Executive to that end. I have attended numerous meetings right across Northern Ireland to listen to the views of local people, while the Exchequer Secretary, David Gauke, travelled here frequently. Both the Prime Minister and the Chancellor heard at first hand the importance of reviving the private sector on their recent visits. All of this underlines the importance that the Government attaches to this consultation and reviving the Northern Ireland economy.
A summary of consultation responses will be published by the Treasury in due course.