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Breathtaking arrogance from George Osborne – McKay

3 December, 2014

Sinn Féin finance spokesperson, Daithí McKay MLA has today described George Osborne’s comments on corporation tax as breathtaking arrogance from a British minister who has been responsible for austerity and poverty on a Dickensian scale.

Daithí McKay said:

“Sinn Féin will not be taking any lectures from George Osborne, the architect of the most vicious attack on public services since the inception of the welfare state. 

“Many people in Britain, including churches, trade unionists and charities are hugely critical of the Tory government’s management of the British economy.

“Many of them have urged us not to follow the destructive policies of Cameron’s cabinet of Tory millionaires.

“Sinn Féin has argued for the transfer of all fiscal powers to the north including the power to set corporation tax. 

“And we need to carefully consider what we would do with that power, whether we would reduce it or not and if so by how much. 

“And of course, this issue cannot be seen in isolation from the very real financial pressures we as an Executive are currently facing – pressures largely created by the year-on-year cuts to the Executive’s budget implemented by George Osborne. 

“The Executive should not have to carry the cost of any variation while the British government gains financially from an increased tax take from the creation of new jobs. A scenario where we take the pain and the British government takes the gain is not acceptable.

“Tax varying powers should now be transferred without conditions so that we, not George Osborne, can then decide on how we will use this power.”

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