In Today’s Budget the chancellor announced an extra £1.5bn for the NI Executive boosting Northern Ireland Office’s budget.
Stormont will receive £18.2 billion in 2025-26, including an additional £1.5 billion through the Barnett formula. £1.2 billion for its resource budget and £270 million to its capital budget.
There will also be a boost to the Northern Ireland Office’s budget – with the vast majority going to the “important priorities related to Northern Ireland’s legacy of the Troubles” – including paying for the Omagh Bombing Inquiry, the Pat Finucane Inquiry , and continuing with the £250 million Legacy funding commitment.
£1m will be provided to support Northern Ireland Community Projects.
Reactions to the budget from NI ministers
Finance minister Caoimhe Archibald welcomed the news
Northern Ireland’s finance minister Caoimhe Archibald welcomed the news. Posting on X she said “The announcement that funding pause on both the Causeway Coast and Glens and Mid South West Growth Deals has been lifted, is very welcome news.
“These Deals are a key driver to boost economic development and deliver regional balance and I am glad sense has prevailed”.
DUP leader Gavin Robinson said he was pleased
DUP leader Gavin Robinson said he was pleased the about the Chancellor’s decision, calling it “important investment for NI”. He said Rachel Reeves is “right to focus on tax evaders in the first instance. Important principle to following when considering rate increases whilst writing off arrears.