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McGuinness: “British Government should devolve fiscal powers to the north”

29 September, 2010

Deputy First Minister Martin McGuinness MP today met former US President Bill Clinton in Derry this afternoon.

Speaking after a meeting with the former President Mr McGuinness said;

“Today’s visit by President Clinton is a welcome move that will help add to the attempts at bringing greater economic investment to the north. It comes ahead of the economic summit for the north due in Washington next month. It also comes after our meeting yesterday with the British Chancellor George Osborne.

The Executive's agreed Programme for Government states that we must develop the economy in a way which promotes equality and targets objective needs.

Now, more than ever, that is our challenge.

To this end we have the shared objectives of building the economy and tackling disadvantage. We need to ensure that those most in need benefit from economic growth.

The lack of fiscal powers at the Executive limits our ability to tackle the economic crisis. Without the necessary tools we are simply reduced to redistributing a smaller pot of money.

We have good friends in the US administration who are willing to aid us in building the economy.

We need movement from the British Government to secure investment and the fiscal tools to promote recovery on an all-Ireland basis.” CRÍOCH

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