Spending Review doesn’t provide foundation for economic recovery – Murphy

Date published: 25 November 2020

Finance Minister, Conor Murphy has responded to the Comprehensive Spending Review outcome announced today by the Chancellor.

Finance Minister Conor Murphy
Finance Minister Conor Murphy

Conor Murphy said: “Covid and Brexit create huge challenges for our economy and public services. In that context today’s announcement is disappointing.

"The Executive’s budget for everyday spending on public services stands still while Capital investment needed to kick-start an economic recovery only increases marginally.”

With the deadline to leave the EU looming, Minister Murphy commented on the Shared Prosperity Fund which is intended to replace EU funding, “The British Government promised to fully replace the Executive’s lost EU funding. This promise is absent from the Spending Review. Furthermore, it appears that replacement funding will be controlled by the British Government rather than by local Ministers which is unacceptable.

“The Chancellor’s announcement on freezing pay in the public sector is disappointing and will have implications for the funding of pay awards here.”

The Minister concluded: “Today’s announcement does not deliver the funding we need to support the health service, public services, vulnerable people, businesses and workers.”

Notes to editors: 

  1. 2021 – 2022 Core Funding: Non Ring-fenced Resource DEL - £11.596bn (excludes £538m for COVID), Capital £1,578.9m, Financial Transaction Capital £73.6m.

  2. 2020 – 2021 equivalent: Non Ring-fenced Resource DEL - £11.555.1bn, Capital £1,480.6m, Financial Transaction Capital £194.6m.

  3. All media enquiries to the Department of Finance Press Office at dof.pressoffice@finance-ni.gov.uk or by Tel: 028 9081 6724.
  4. Follow us on Twitter @dptfinance
  5. The Executive Information Service operates an out of hours service for media enquiries between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The duty press officer can be contacted on 028 9037 8110.

Share this page

Back to top