The Northern Ireland Independent Retail Trade Association (NIIRTA) has welcomed today’s announcement by Chancellor George Osborne that subject to progress in the talks, devolution of Corporation Tax will happen.
NIIRTA Chief Executive Glyn Roberts said: “It is very welcome that the UK Government has indicated that they are in principle willing to devolve Corporation Tax. It is now critical that the current talks reach a successful conclusion to ensure that these game changing powers are transferred to the NI Executive”
“Coming on the back of Corporation Tax reduction, more Foreign Direct Investment will lead to more jobs which will be a big long term boost in spending for our local retail sector”
“We must, in parallel with the devolution of Corporation Tax ensure that we have the world class skills and training to attract world class Foreign Direct Investment. It is therefore essential that the proposed cuts to Further and Higher Education do not proceed “
“Post Corporation Tax, the next big challenge for the economy will be Skills and Training”]]>
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