"Last week's 'Fresh Start' deal between the DUP and Sinn Fein finally settled the block on Corporation Tax, setting a date for its introduction - April 2018 and a rate - 12.5%, the same as the Irish Republic.
But Len McCluskey, general secretary of Unite, which has 40,000 members in the province, told the Belfast Telegraph: "Reducing corporation taxes will bring further economic pain to our communities.
"What will be given away as lower taxes on one hand will mean public sector cuts and lowered living standards with the other.
“The benefits will be largely concentrated in greater Belfast area but it will be our rural and outlying economies that feel the pain.”
And he also called for compromise Stormont’s ‘exit scheme’ which is designed to reduce the public sector by 20,000 jobs over the next few years."
Source: Unite warns against impact of lower Corporation Tax rate in Northern Ireland - BelfastTelegraph.co.uk
20% here
But Len McCluskey, general secretary of Unite, which has 40,000 members in the province, told the Belfast Telegraph: "Reducing corporation taxes will bring further economic pain to our communities.
"What will be given away as lower taxes on one hand will mean public sector cuts and lowered living standards with the other.
“The benefits will be largely concentrated in greater Belfast area but it will be our rural and outlying economies that feel the pain.”
And he also called for compromise Stormont’s ‘exit scheme’ which is designed to reduce the public sector by 20,000 jobs over the next few years."
Source: Unite warns against impact of lower Corporation Tax rate in Northern Ireland - BelfastTelegraph.co.uk
20% here
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