NI Deputy Leaders Reject Proposed Tax Hike Amid Budget Standoff with UK Government
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Michelle O'Neill has ruled out increasing the regional rate by 15% to raise revenue amid a dispute with the UK government over a £3.3bn financial package for NI.
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Stormont parties want more funding from the Treasury and did not commit to revenue-raising in the deal agreed with the government.
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Deputy First Minister Emma Little-Pengelly said it is the "wrong time" to propose revenue-raising measures that would put pressure on families.
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Permanent secretary Neil Gibson said the Department of Finance has not been asked to begin work on revenue raising.
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Finance minister Caoimhe Archibald wrote to the Treasury expressing "serious concerns" with requiring £113m to be raised within 12 months.