Enda Kenny welcomes plans for reduction of corporation tax in the North

Taoiseach Enda Kenny has welcomed plans in the North to reduce their corporation tax to the same level as here, saying that Wales and Scotland may next move to cut their rates.

Mr Kenny was responding to deals in Belfast this week which will see the Stormont Executive back up and running and measures to resolve outstanding budget issues.

Among the key proposed reforms are moves to devolve corporation tax reforms from London, so the North can bring in a 12.5% rate, in line with the Republic, after 2018.