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| Version 1 | Version 2 |
|---|---|
| Corporation tax decision 'deeply disappointing' | Corporation tax decision 'deeply disappointing' |
| (about 2 hours later) | |
| The NI Independent Retail Trade Association (NIRTA) has said the Government's delay on a decision to devolve corporation tax to Stormont was deeply disappointing. | |
| On Tuesday, the prime minister said there would be no decision on devolving the powers until after the Scottish referendum in 2014. | On Tuesday, the prime minister said there would be no decision on devolving the powers until after the Scottish referendum in 2014. |
| Stormont wants to be able to match the tax rate in the Republic of Ireland. | Stormont wants to be able to match the tax rate in the Republic of Ireland. |
| Glyn Roberts of the NIRTA said the decision sent out the wrong message. | Glyn Roberts of the NIRTA said the decision sent out the wrong message. |
| "It will be deeply disappointing to Northern Ireland's business community that the decision on Corporation Tax has been effectively binned by Downing Street," he said. | "It will be deeply disappointing to Northern Ireland's business community that the decision on Corporation Tax has been effectively binned by Downing Street," he said. |
| "Setting our own local Corporation Tax rate was the settled view of all the main business organisations and the five main political parties. | "Setting our own local Corporation Tax rate was the settled view of all the main business organisations and the five main political parties. |
| "It is to be regretted that the prime minister ignored that united view." | "It is to be regretted that the prime minister ignored that united view." |
| On Tuesday, Northern Ireland's first and deputy first ministers met the prime minister over devolving the power to set the rate of the tax. | On Tuesday, Northern Ireland's first and deputy first ministers met the prime minister over devolving the power to set the rate of the tax. |
| The policy has all-party support at the Northern Ireland Executive and the backing of the secretary of state. | The policy has all-party support at the Northern Ireland Executive and the backing of the secretary of state. |
| The deputy first minister, Martin McGuinness, said he was "disappointed" with the decision. | The deputy first minister, Martin McGuinness, said he was "disappointed" with the decision. |
| First Minister Peter Robinson vowed not to give up on the fight for the power. | First Minister Peter Robinson vowed not to give up on the fight for the power. |
| The executive would have to compensate the Treasury for any tax reduction by handing back a portion of its annual budget. | The executive would have to compensate the Treasury for any tax reduction by handing back a portion of its annual budget. |
| However, supporters believe the economic boost to Northern Ireland from inward investment would outweigh the cost to the public purse. | However, supporters believe the economic boost to Northern Ireland from inward investment would outweigh the cost to the public purse. |