Magazine article Public Finance

News: Brief

Magazine article Public Finance

News: Brief

Article excerpt

NI SETTLEMENT IN DISPUTE

Spending Review figures questioned

Northern Ireland's First Minister Peter Robinson and Deputy First Minister Martin McGuinness are seeking to have the nation's Spending Review settlement amended. They said reduced capital allocations would have a 'devastating effect' on the local economy. Deputy Prime Minister Nick Clegg has said the figures will be re-examined by the Northern Ireland Office and the Treasury

SCOTS TAX POWERS LAPSE

Swinney apologises to Holyrood

Scotland's Finance Secretary John Swinney has apologised for failing to inform MSPs of a decision that allowed Holyrood's 'tartan tax' powers to lapse. Swinney was accused of a 'cover up' by not informing Holyrood that the 3p in the pound Scottish Variable Tax could no longer be activated because of a decision not to pay computer upgrade fees to the Revenue & Customs department. …

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