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Beggs urges movement on devolution of Corporation Tax powers

Ulster Unionist MLA Roy Beggs has urged movement on the devolution of powers to vary Corporation Tax. The East Antrim MLA, who also represents his Party on the Finance committee, was speaking following a report from the Asda Income tracker that Northern Ireland families are being hardest hit in terms of spending power. “The information revealed by the latest Asda Income Tracker makes stark reading for Northern Ireland plc and serves to highlight the gulf between Northern Ireland and other regions of the UK. The average UK family’s spending power fell by £10 a week in March 2012, leaving the average family with £144 of weekly disposable income, 6.5 per cent down from the same time last year. Northern Ireland families were hardest hit, recording a disposable income of only £83, and our decrease was seven per cent compared to last year’s figures for Northern Ireland. The report states that … Continue reading

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