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Inequality and stagnation is the price of the Union – Hazzard

23 January, 2018 - by Chris Hazzard

Sinn Féin MP Chris Hazzard has said that inequality, lack of fiscal autonomy, and continued stagnation is the price of the union with Britain.

Speaking following the release of NICIE figures pointed to relative stagnation in the British economy, in contrast to continued growth in the south of Ireland, Chris Hazzard said the economic case for Irish unity is becoming apparent for everyone.

The South Down MP said:

“The NICIE economic data reveals a story all too familiar for those of us making the case for increased fiscal autonomy and Irish unity.

“As a result of having no meaningful fiscal or monetary levers, with which to direct the economy in the north of Ireland, the north remains less productive, lower paid and is growing more slowly than Britain.

“Instead of realising the opportunities and savings of greater cross-border economic integration and cooperation, the north is hitched to a profoundly unequal British economy that is increasingly unproductive and vulnerable to impending Brexit shocks.

“The north of Ireland will only ever realise its full potential in an all-island framework with full fiscal and monetary powers.

“A united Ireland gives us all an invaluable opportunity to forge a new island economy which is prosperous, just, democratic and sustainable.”

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