Posted on Thursday 10 December 2015 by Ulster Business
CBI Chair, Colin Walsh; Santa Claus; CE Titanic Belfast, Tim Husbands; Louise Smyth, Commercial Director, MCS Group
The Executive needs to focus on bettering Northern Ireland’s education and training systems as well as boosting the region’s infrastructure if the benefits of a reduced corporation tax rate are to be realised.
That is the opinion of business body the CBI which has been warning that devolving the power to set the tax businesses pay to Stormont can’t be relied upon on its own to boost the economy here.
Speaking at an event to celebrate the organisation’s 50th anniversary celebrations, outgoing chair of the CBI Colin Walsh called for more.
“The commitment to a ‘date and rate’ for a reduced Corporation tax rate may well be seen by many as a key highlight of the year, but it is vital that we secure a more strategic focus by the Northern Ireland Executive and invest and align our education and training, as well as develop a world class infrastructure to maximise the impact,” he said.
“Our evidential base and extensive engagements with political representatives has been influential in these key debates, and notable progress has been secured across a range of key policy issues during 2015 in creating a better business environment.”
Mr Walsh said a collaborative approach will lead to a prosperous future for everyone here.
“We finish 2015 on an optimistic note. By working together we can look forward to the transformation of the Northern Ireland economy, more jobs and greater prosperity for all in the years ahead.”