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Varney - Economic and social progress can only be delivered in an all-Ireland context

17 December, 2007


Sinn Féin Economy Spokesperson, Mitchel McLaughlin MLA (South Antrim) has said that the Varney Report falls far short of what is required.

Mr McLaughlin said:

"We are disappointed but not surprised at the lack of vision contained in the Varney Report. It falls far short of what is required and fails to deliver the kind of economic tools needed.

"The British Exchequer focus is only on policies that will favour the economy of the island of Britain. Our needs are treated as an afterthought.

"The Executive is hamstrung by the British Treasury. Short of economic and political independence from London we are reduced to making the most of the limited options at our disposal.

"I believe that economic and social progress can only be delivered in an all-Ireland context.

"It is essential that we now build on the limited measures on offer and develop a collective response that includes maximising our fiscal and financial independence and addressing key issues such as tax varying powers for the Executive." ENDS

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