Fixing the NI Economy

Witless

Cotta wrote: »

Hi All,
NI gets £10,876 per person per year and with a population of 1.8 million this is a staggering £19.5 billion per year.


http://www.cityam.com/blog/1385049825/northern-ireland-has-highest-government-spend-head-uk

That's interesting; could you balance it by telling us our average / total contribution, i.e. from income tax, NI contributions, VAT, fuel duty etc?

(Bearing in mind that several functions here like education are centrally funded, not from Council Tax, the equivalent of our local rates.)

chunter

NI. aka the basket case.. the broken economy of a third world country but getting very heavily subsided by the English mostly. Independence? We'd all be living in tents in shanty towns.

saverbuyer

Witless wrote: »

That's interesting; could you balance it by telling us our average / total contribution, i.e. from income tax, NI contributions, VAT, fuel duty etc?

(Bearing in mind that several functions here like education are centrally funded, not from Council Tax, the equivalent of our local rates.)

Well the block grand (subvention) is around £11 billion.

We "collect" around £9 billion in tax, national insurance etc.

Oh and our rates do fund education. (but I do get what you mean)

warmhands.coldheart

Well we can't be that badly off as it seems
"Almost half (45%) of people in Northern Ireland own a tablet computer – the joint highest in the UK."
hhttp://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/the-smartphone-generation-30489785.html

Cotta

saverbuyer wrote: »

Well the block grand (subvention) is around £11 billion.

We "collect" around £9 billion in tax, national insurance etc.

Oh and our rates do fund education. (but I do get what you mean)

If our annual block grant is 11 Billion, what does the £10,800 per head relate to?

The_Hurricane

chunter wrote: »

NI. aka the basket case.. the broken economy of a third world country but getting very heavily subsided by the English mostly. Independence? We'd all be living in tents in shanty towns.

A United Ireland or independence would be nothing short of criminal in financial terms and in either case we could never survive.

qwert_yuiop

saverbuyer wrote: »

Well the block grand (subvention) is around £11 billion.

We "collect" around £9 billion in tax, national insurance etc.

Oh and our rates do fund education. (but I do get what you mean)

So we've an 11 billion overspend, which is a fair bit different from 20 billion. Rates do not pay for education.

saverbuyer

Cotta wrote: »

If our annual block grant is 11 Billion, what does the £10,800 per head relate to?

Tax raised plus block grant.

qwert_yuiop

The_Hurricane wrote: »

A United Ireland or independence would be nothing short of criminal in financial terms and in either case we could never survive.

An 11 billion subsidy is criminal.

Of course we'd survive without it. We'd just be poorer.

I'd like to see this place thrive or not on its own merits. I don't think the English owe us anything.

saverbuyer

qwert_yuiop wrote: »

So we've an 11 billion overspend, which is a fair bit different from 20 billion. Rates do not pay for education.

Regional rates sort of do.