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Stormont watchdog 'won't have the teeth' to avoid RHI scandal repeat

A new fiscal council cannot make the government change its actions, a Stormont committee hears. ....

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The corporation tax ship has finally sailed...

Claire Aiken
I’M NOT sure there has ever been a policy which hasn’t actually seen the cold light of day that has been more lobbied, discussed, written about or broadcast than the implementation of corporation tax powers in Northern Ireland.
The old clichés of six or seven years ago still ring loud, ‘it’s not the panacea but it’s a game changer’. Granted, legislation was passed at Westminster in 2015 to devolve powers to the Executive to support the undoubted potential for an uplift in foreign direct investment and of course enable the North to compete with the fine-tuned tax policy south of the border. ....

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Stormont appointment 'like Glentoran signing Messi'

BBC News
By John Campbell
Published
image copyrightSteve Parsons/PA
image captionThe Fiscal Council will make an annual assessment of the NI Executive s revenue streams and spending proposals
Like Glentoran signing Lionel Messi.
The world of Northern Ireland public finance rarely inspires hyperbole like that.
But it is how the economist Richard Ramsey described the appointment of the chairman of Stormont s new independent budget oversight body.
The fiscal Messi is Sir Robert Chote, the former chairman of the UK s Office for Budget Responsibility (OBR).
Sir Robert became the OBR s first permanent chair in 2010, building it into a trusted independent body and showing himself to be a highly effective communicator. ....

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Financial experts to rein in Stormont spending

The finance minister Conor Murphy has announced the creation of two new financial watchdogs to scrutinise Stormont spending. ....

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Stormont independent budget watchdog to begin work soon

BBC News
By John Campbell
Published
An independent budget watchdog for Stormont is to begin work shortly.
It will be chaired by Sir Robert Chote who spent 10 years as the chairman of the UK s Office for Budget Responsibility (OBR).
He will be joined by Prof Alan Barrett, the director of the Economic and Social Research Institute (ESRI) in Dublin.
The other members are Northern Ireland-based economists Maureen O Reilly and Esmond Birnie.
The body, which to be known as the Independent Fiscal Council, will make an annual assessment of the Northern Ireland Executive s revenue streams and spending proposals.
It will also prepare an annual report on the sustainability of the executive s public finances, including the implications of spending policy and the effectiveness of long-term efficiency measures. ....

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