Originally published 2011
We live in an era of tremendous social and economic change and opportunity, with the economic crisis effecting every home, office
and business. Times like this should inspire new and original thought about how we can craft an economy which serves society, rather than the other way around. Unfortunately, powerful and vested interests in Northern Ireland seem stuck in a groove, like a scratched vinyl record. Their solution to the underperformance of the Northern Ireland economy is simple – cut Corporation
Tax and investment will flow into our private sector and this will remove our dependence upon the public sector.
This is a blunderbuss approach to a complex matter. Congress has argued for many years that this is too simple. It does not take into account many of the underlying problems with the balance of our economy, such as the fact that the public sector is not too large, rather it is the private sector which is too small, and is largely comprised of small businesses, most of which pay the lower rate of
Corporation Tax, and would benefit little from cutting it
