Finance Minister Caoimhe Archibald finalises deal that will see 24% uplift on Barnett consequentials funding
The Treasury has agreed to review how Stormont is funded in the future as part of a deal that will also see the Executive receive an extra £24 million this year.
That 124% ratio on so-called Barnett consequentials was to apply on Treasury funding announcements made from the start of the current financial year and therefore excluded the Chancellor’s spring budget in March. The £3.3 billion financial package will have already been spent in Northern Ireland prior to the start of the 2026/27 financial year. This had prompted concerns that Stormont would face a financial cliff edge when the additional support dried up.
The Executive in Belfast agreed a budget package last month that Ms Archibald acknowledged had left all departments short of what they required. “Treasury has agreed to the 124% needs-based adjustment factor from Barnett consequentials being applied from the date of restoration of the Executive.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dunelm's 'light and comfortable' £24 duvet 'for summer nights''Nice spring duvet, light enough for spring and summer.'
Read more »
'Absolutely fabulous' tower fan now £24 off in limited Amazon saleThis upstanding tower fan is now in a limited time sale on Amazon as shoppers have hailed it as 'absolutely fabulous' for the summer months.
Read more »
'Versatile' Ring security camera now just £24 with limited time Amazon codeA popular surveillance camera that can be used to check in on your pets or teenagers when you're not around has been slashed in price in a limited time deal on Amazon.
Read more »
New Spotify Basic plan could save Premium users up to £24 a yearCutting out one small service from you Spotify subscription could save you some extra cash
Read more »
My £24 George at Asda bedding got my spare room 'spring ready'It was so soft
Read more »
Primark's £3.50 body spray is 'exact same' as £24 Sol de Janeiro versionPrimark shoppers can save over £20 on a must-have body mist, which customers say is 'just like' Sol de Janeiro
Read more »