Sinn Féin Foyle MLA Raymond McCartney has stated that the outworking’s of todays Tory Autumn Statement will see a real term 5.3% reduction in spending for the North of Ireland.
“The outworking of George Osborne’s Autumn statement will see a real terms decease in spending ability of over 5% in the North.
“When we need to boost our economy the continual hollowing out of budgets by the Tories will lead to a further flat lining of economic growth in the north.
“This will undoubtedly put further pressure on already stretched public services and job creation opportunities.
“We need to see fiscal policies that will stimulate the economy and it is quite clear that the Tories obsession with their cuts ideology is more important to them than economic realities and peoples jobs and livelihoods.”