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Ritchie: Corporation Tax powers must tackle regional imbalance

South Down MP Margaret Ritchie has called on the UK Government to work with the Executive to ensure that the potential benefits of a devolved rate of corporation tax are delivered across Northern Ireland. The SDLP Representative said it is important that full and proper scrutiny is given as the Corporation Tax Bill goes through the House of Commons. Speaking following Northern Ireland Questions Ms Ritchie said: “A lower rate of Corporation Tax on its own will not be enough and if it is not supported by the wider reform of our economy the impact will be limited. We need a massive investment in training, education and skills to maximize the gains from the lower rate.”


Newry Democrat

3rd February 2015