Written Question·Treasury·UIN 5791
Public Expenditure: Northern Ireland
Tabled: 12 September 2024
Answered: 11 October 2024
Question
Sorcha Eastwood
Alliance — Lagan Valley
To ask the Chancellor of the Exchequer, if she will make an assessment of the adequacy of the fiscal floor for Northern Ireland.
Answer
Darren JonesAs part of the restoration of the Northern Ireland Executive (NIE) the UK Government and NIE agreed to add a 24% needs-based factor into the Barnett formula as it applies to the NIE from 2024-25. This is part of the financial package worth over £3.3 billi...
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