21/09/2022

Finance Ministers Call For Urgent Action On Cost-Of-Living Crisis

Finance Minister Conor Murphy has joined forces with Finance Ministers in Scotland and Wales to call for more targeted support to those impacted the most by the cost of living crisis

The Minister's have called on the UK government to fund its cap on energy prices through a windfall tax, not higher borrowing.
News Image
In a joint letter to the new Chancellor of the Exchequer Kwasi Kwarteng, the Minister's expressed their concern that more action is needed to prevent further hardship for households and businesses and say support "should be funded by targeting the windfall gains in the energy sector rather than passing on the cost through higher borrowing".

The Finance Ministers also call for additional funding to support vital public services in the face of rising prices, energy costs and wage pressures as devolved settlements are worth considerably less in real terms than last October when they were set.


Related Irish News Stories
Click here for the latest headlines.

29 September 2022
Economy Minister Visits New UU Belfast Campus
Economy Minister Gordon Lyons has visited the newly opened final phase of Ulster University’s enhanced Belfast campus.
16 September 2022
Hargey Urged To Review Winter Fuel Payment Rate
The SDLP has called for urgent action from Communities Minister Deirdre Hargey to review the current rate of the Winter Fuel Payment. Foyle MLA Mark H Durkan has said that Minister Hargey has the power to review the amount provided to pensioner households, yet the rate has not changed since 2010/11.
22 September 2022
Communities Minister Announces New Co-Ownership Support
Wider support for Co-Ownership housing has been announced by Communities Minister Deirdre Hargey. The change sees an increase in the Co-Ownership property value limit from £175,000 to £190,000 to continue to support people into home ownership.
22 September 2022
Energy Package 'Does Not Go Far Enough' – Murphy
The Government's newly announced Energy Plans does not provide the support that citizens and businesses in NI need, Finance Minister, Conor Murphy, has said. Commenting following the announcement, Minister Murphy said: "A limit on energy bills for households and businesses is welcome.
29 June 2012
Collins Urges Minister To Expand Micro Finance Loan Fund
Speaking in the Dáil on the Micro Finance Loan Fund Bill 2012, Fine Gael Cork North West Deputy, Áine Collins, welcomed the provisions of the Bill which she said will help small and medium businesses to get much needed access to funds.