Leaving the EU is a good time to reshape the Northern Ireland economy
Following the decision of the UK electorate on 23 June 2016 to leave the EU, the Government of the United Kingdom has undertaken a great deal of work to prepare the country for triggering Article 50 on 29 March 2017.
Before the vote last year, Northern Ireland civil servants had pulled together a preliminary view on what might happen if Leave was to win the day. This seemed to be more concerned with the impact on the Republic of Ireland than on the opportunities presented to Northern Ireland if such an event should occur. Since then, other than a letter to the Prime Minister, as far as is publicly visible, the Northern Ireland Executive appears to have done little of anything in preparation.
It is time to stop talking about ‘re-balancing’ the Northern Ireland economy. The UK decision to leave the EU means there is no better time than the present to take action to gain best advantage of the opportunities that lie ahead; time to tip the scales in favour of private sector enterprise and exports. As a UK regional economy Northern Ireland faces issues around productivity, economic inactivity within its workforce, and an overbearing public sector.
In a new report, “An Agenda for Northern Ireland after Brexit”, local Northern Ireland business and the Global Britain think-tank have collaborated to offer a policy framework of what needs to be addressed constructively and positively by all levels of government in Northern Ireland. Most importantly, Northern Ireland needs focused leadership from the Executive.
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It is make your mind up time for the Irish Republic.
Nothing new, but there has been hugely irresponsible and faintly histrionic noises coming out of Dublin, and Irish republican/nationalism generally, along with other voices (usual suspects), to the effect that Brexit means a return to violence in Northern Ireland. The only obvious return to the past is the use by the Republic’s politicians of events related to Northern Ireland as a distraction away from issues for which they are responsible, a deflection from the economic and political realities on its own doorstep.
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The Renewable Heat Association (RHANI) sought a legal injunction to stop the Department for the Economy publishing the names its members, about 500 in total.
Yesterday an interim injunction was overturned in respect of those companies who successfully applied to the RHI scheme. Individuals who applied would seem to be except from their names being published, for now.
There has been lots of comment on the judgement which has mostly focused on the publication of ‘names’, and how quickly those names might be published. However, in the BBC report of the judgement it was a small comment that caught eye of @thedissenter which seemed more important to the scheme of things.
The report on the case states:
The judge ruled that the application for RHI subsidy did not amount to a legally binding contract.
He said the department had the right to vary the terms.
Why is that interesting? The argument that the RHI will cost £XXX million over 20 years rested on the premise that approval of the applications meant the creation of a legally binding, invariable contract. This judge would seem to disagree.
It might expected that legal actions on RHI are far from over. However, if the point the judge in this case goes unchallenged (improbable, but not to say he will be over-ruled on this point later) that moving forward:
- the current 12 month fix by the Minister, Simon Hamilton, will hold, and that;
- going forward the scheme can be altered to a controlled scheme within what funding is available from Westminster.
While seeking to protect the anonymity of its members the RHANI may well have sped up the process of revision to the grant payments of those who had RHI scheme approvals pre-2016, at considerable relief to the Northern Ireland budget.
Seems RHANI members may soon be facing the Law of Unintended Consequences.
And why are we having an election?