Cameron considers business tax cut in North

BRITAIN’S Prime Minister David Cameron has said he his willing to consider a corporation tax cut in the North but warned the days of solving every economic problem by asking the Treasury for more money are over.

He insisted that the local economy would benefit from nationwide stimulus measures already introduced by his government, including a cross-British drop in business tax rates, but acknowledged there was a need to take further recovery steps.

Stormont’s political leaders want the powers to set their own business tax rate and believe a more substantial reduction in the current British rate of 26% would give their flagging economy a kick-start and enable it to compete more with the Republic.