Statement by TUV leader, Jim Allister:-
“The very talk of £200m cuts has put Stormont into a tailspin. Think what top-slicing £400-£750m off the block grant would do, in order to pay for the bauble of corporation tax.
“Stormont can’t handle the powers it has. It would be madness to give it any more. Nor would devolving corporation tax really transform our economy because most of our small/medium employers – the backbone of our economy – would not benefit.
“The financial crisis at Stormont is far too serious and its dysfunctionalism far too endemic to be thinking of massaging the egos of its failing ministers by gifting them fiscal powers. Preserve us all from tax-raising powers for this failed Stormont.”