Northern Ireland (NI) has unveiled proposals to introduce tax breaks and to cut grant support for industry in the province.
The most radical proposals is deemed to be a low corporate tax rate for new inward investment for five years. But this may be offset by reducing the NI public expenditure “block”, currently around £9bn.
The plan, detailed in a 264-page report is seen by some as a non-runner but the Social Democratic and Labour party is more enthusiastic.
Financial Times 24/03/99 page 10
