Oral Answers to Questions
Debate between Baroness Ritchie of Downpatrick and Andrew Murrison(9 years, 4 months ago)
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Dr Murrison
The hon. Gentleman will be familiar with the economic pact published about 18 months ago and updated during the summer, which gave significant new powers to promote the economy, in particular to grow jobs, and there was a significant amount of lending as a result. It has been successful. The groundwork has been laid and we have seen, in the figures I have quoted today, that it is having some level of success. Corporation tax will take that to the next level.
Ms Margaret Ritchie (South Down) (SDLP)
10. Last week, the Chancellor of the Exchequer said that the figures on the cost of devolving power over corporation tax to the Northern Ireland Executive were given to the Executive. Will the Minister spell out to us the cost to the block grant and the timeline for implementation?
Dr Murrison
That very much depends on whether the powers are taken up by the Executive and the extent to which they are taken up. The hon. Lady will be aware that corporation tax in the last financial year raised in excess of £400 million. Were corporation tax to be devolved, and reduced as far as it possibly could be, then we are talking about that sort of figure.
Oral Answers to Questions
Debate between Baroness Ritchie of Downpatrick and Andrew Murrison(9 years, 9 months ago)
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Dr Murrison
Through the noise I think I just about made that out, Mr Speaker. I am sure that Hansard will record it accurately and that my right hon. Friend the Secretary of State will take note of it for her next meeting with the Minister for Education.
Ms Margaret Ritchie (South Down) (SDLP)
8. What recent progress the Government have made on reducing youth unemployment levels in Northern Ireland.
The Parliamentary Under-Secretary of State for Northern Ireland (Dr Andrew Murrison)
Tackling youth unemployment remains a critical issue, but specific measures to address it in Northern Ireland are the responsibility of the Executive. The Government are reducing the largest structural deficit in UK peacetime history, and that, more than anything, will help deliver a sustainable economic recovery and so directly assist young people to get into employment.
Ms Ritchie
I welcome the new Minister to his position. Almost one in four young people in Northern Ireland are out of work. Many are forced to seek agency jobs on zero-hours contracts, while others are taking the path to emigration because of the downturn in the construction industry. Will the Secretary of State and the Minister have discussions with the Chancellor about the need to reduce VAT on tourism, as such a reduction would provide an opportunity for these young people to remain in Northern Ireland, working in tourism attractions and so on?
Dr Murrison
I am grateful to the hon. Lady for that. She will of course have seen today’s figures, which show that although youth unemployment in Northern Ireland is 20.4%—that is too high—it has dropped by 2.1% over the quarter. I am sure she will warmly welcome both that and the drop by 1% to 6.7% in the overall level of unemployment in Northern Ireland—the 18th successive drop in the claimant count. I hope she warmly welcomes that, as right hon. and hon. Members from across the House certainly will.