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British economic policies not delivering for the North - Flanagan

28 January, 2015 - by Phil Flanagan

Sinn Féin Enterprise Spokesperson, Phil Flanagan MLA has said that the latest Asda Income Tracker is the starkest example that British government economic policies are not delivering for the people in the North of Ireland.

Mr Flanagan said:

 “While the Income Tracker shows a slight increase in disposable income here it is not as a result of British government economic policy. I would suggest it has more to do with falling fuel prices as a result of decreased cost of oil on the world market.

“The Tracker exposes the inequalities created by the London and South East England focus of George Osborne’s discriminatory economic policies.

“Disposable incomes in these two affluent regions of England is almost three times that of residents here in the North of Ireland.

“This disparity cannot be justified. Almost every commodity and service is more expensive here than in Britain yet the British government continues to raid our block grant and impose economic sanctions on the Executive for non-compliance with its draconian economic policies.

“If any political party in the Assembly still clings to the notion that being tied to the British economy is good for the North then the gap in disposable income between here and London or the South East of England should be a wake-up call.

“Ultimately we require access to the full financial powers to enable us to build a just, fair, equal and prosperous economy to address these fundamental economic and social inequalities.

“We must leave behind austerity policies and actively work to revive Ireland’s economy north and south.”

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