Budget Process has been test for the Assembly and the NI Executive

The increase in VAT, cuts to benefits and the freezing of public service pay were all topics for discussion at today’s Northern Ireland Assembly and Business Trust Breakfast. Minister for Finance and Personnel, Sammy Wilson was on hand this morning to give members of the Business Trust a run down on the main aspects of the Government’s Spending Review and what it will mean in real terms to the people of Northern Ireland.

As well as the inevitable harsh facts on the cuts to come, the Minister spoke positively about the challenges ahead and the innovative ways revenue could be raised, including the new plastic bags tax which should see a raise in revenue of approximately £4 million.

The event was well attended by over 60 trust members from businesses across the Northern Ireland. Northern Ireland Assembly and Business Trust breakfast briefings are held on the second Tuesday of every month. Take a look at the Northern Ireland Assembly and Business Trust (NIABT) website for more information – niabt.org – or follow them on twitter.com/niabt.

For further information on today’s event, why not listen to our audio boo interviews with the Minister, Chairperson of the NIABT Sean Neeson MLA and Chief Executive of the Northern Ireland Independent Retail Trade Association (NIIRTA) and Business Trust Member Glyn Roberts.