Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-150-000"
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"en.20120704.25.3-150-000"2
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"Mr President, as we strive for economic recovery in Northern Ireland, we face the challenge of attempting to rebalance our local economy by moving away from a reliance on the public sector for employment. It is, therefore, vital that Northern Ireland PLC can offer incentives to foreign companies to attract them to set up in the province and to bring with them investment and job creation in the private sector.
It is, therefore, deeply concerning that the Commission is proposing quite radical changes to the rules surrounding these incentives, as part of the post-2013 regional aid guidelines. Of particular concern is the size of FDI companies eligible for regional aid funding. This situation is compounded in Northern Ireland by the fact that my constituency is the only part of the United Kingdom to share a land border with a euro zone country, and one which has a corporation tax rate of 50% less than the UK one. In recent times in Northern Ireland, we have seen companies like the New York Stock Exchange and Citigroup come to Belfast. Under the post-2013 rules, these companies could not have come."@en1
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