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The UUP has produced its response to the economic crisis.
I’m afraid its appalling. Nevertheless, it may have achieved what it was designed to do – gain a headline in The News Letter.
Its four key demands on the economy are:
- The coalition Government must produce its economic paper on rebalancing the Northern Ireland economy immediately. This must include specific proposals on Corporation Tax and Enterprise Zones.
- The Executive must review its economic development spending to ensure that areas which give the highest economic return are developed. For example the creative industries and tourism.
- The Executive must continue to prioritise upskilling, research and development and strategic capital investment to ensure mid and long-term economic growth.
- The Executive should introduce an Emerging Markets Strategy to ensure that Northern Ireland companies have the correct links to and networks in emerging economies such as India, China, Brazil and Russia.
Demand 1 reprises the UCUNF manifesto. Demand 2 urges the Executive to invest in wealth creating industries. Well, they’ve spotted that. And has the UUP heard about the Matrix Panel? Demand 3 demands something that’s happening already. Demand 4 is a call for the creation of Invest NI.
This is a poor document. The Sinn Fein paper was a poor document. This is the economic wisdom that’s supposedly driving forward our economic recovery.
McNarry has a history of going on ill-advised solo runs over the economy. As in August last year, this should never have seen the light of day. Why did Tom Elliott allow his name to be associated with this?