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Urgent programme of investment needed to grow economy - Ó Muilleoir

2 June, 2015


Sinn Féin MLA Máirtín Ó Muilleoir has called for an urgent programme of investment to grow the economy. 

Speaking after a meeting of the Enterprise, Trade and Investment committee, Mr Ó Muilleoir said; 

"Decades of neglect by London, coupled with the latest attack on public services by the Tory government, has created a scenario where what we need is a veritable Marshall Plan to grow the economy. 

"It beggars belief that the British Government can be planning to spend £20bn on fighter jets, £70bn on HS2 high-speed trains and £15bn on Crossrail in London but we still don't have dual carriageways linking Belfast and Derry and Derry and Dublin. Nor do we have a one-hour Dublin-Belfast rail link. 

"What we do have in Belfast is a crumbling sewer system, no proper rail link to the City or international airports, no magnets of attractions for investors in the form of advance office space or factories and continued misery caused by high unemployment in working-class areas of the city.

"While Invest NI is doing a good job, Tory cuts from London have forced reductions to university courses which are vital to our investment proposition which focuses on talent and skills.

"We need a mammoth programme of investment to grow our economy and put our young people to work not more cuts and more austerity where the pain is heaped on the poor."

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