Deal Done! May Hands DUP £1 Billion

Arlene Foster drives a hard bargain, especially considering the Tories didn’t need a formal deal for the government to survive. £ rising on the news…

UPDATE: You can download and read the deal in full here. Additional details of UK government financial support for Northern Ireland have also been released. It is intended to last for the entire length of the parliament…

UPDATE II: Key details:

+ £400m for Northern Ireland infrastructure

+ £150m for superfast broadband

+ £100m for immediate health and education pressures

+ £200m for health service transformation

+ £50m for mental health

+£100m for relieving deprivation

UPDATE III: TaxPayers’ Alliance slams the deal:

“Taxpayers resent politicians cooking up deals behind closed doors that invariably end with their cash being thrown wherever is politically advantageous rather than where it could be best spent. The unfair way in which money is allocated between the Home Nations has been clear for decades, best illustrated by the significantly higher levels of public spending in Scotland than in considerably poorer parts of England. But until there is a major decentralisation of tax raising powers, Westminster politicians will always have ultimate control of the purse strings and be able to dish out taxpayers’ cash in a way that benefits them more than the general public.”




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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