Asked by: Kirsten Oswald (Scottish National Party - East Renfrewshire)
Question to the Northern Ireland Office:
To ask the Secretary of State for Northern Ireland, what assessment he has made of the impact of the Spring Budget 2024 on Northern Ireland.
Answered by Steve Baker
The Spring Budget underlined the UK Government’s commitment to Northern Ireland and to the Union.
The Executive will be able to spend additional Barnett funding of £100 million for 2024-25, on top of the £3.3 billion spending settlement.
It announced over £1 billion of new tax reliefs for creative industries across the UK, which is great news for NI’s creative industry businesses.
Another £2 million was announced to boost global investment and trade, building on the successful NI Investment Summit held last September.