Corporation Tax: Rethinking Varney?
I've just broadcast some details on Â鶹¹ÙÍøÊ×Ò³Èë¿Ú Newsline and Radio Ulster's Evening Extra from a draft of the UK government's paper on rebalancing the economy here. Although the paper stops short of proposing a cut in corporation tax, its tone contrasts strongly with the December 2007 At one point it notes that reducing corporation tax to match the Irish rate "would, on its own, be likely to have a positive effect on local private sector investment" and could "play a significant role in helping rebalance the Northern Ireland economy".
The draft I have seen is probably only one of a series - the text is still being batted back and forth between London and Stormont ministers. If they reach agreement a final paper could be put out for public consultation in March, before the Assembly breaks up for the election campaign.
I'm 
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