Belfast Telegraph

Home Opinion Letters

Wilson lacks basic knowledge of economic growth

With his 'Tesco Tax' Sammy Wilson has landed a business unfriendly charge on retailers and, once again, failed to understand the basics of economic growth.

It is a good idea to provide rates relief for small and medium-sized businesses, but to fund it by taxing large retailers is completely counter-productive.

With this levy Sammy Wilson is sending out a message loud and clear to the biggest and most successful chains: Northern Ireland is not open for business, we do not want you to come here and create jobs.

The Finance Minister consistently fails to grasp the basics of growing the economy.

He remains wedded to pumping ever-greater quantities of money into a bloated civil service and pours cold water on any ideas to rebalance the economy or create jobs for the unemployed.

He has rubbished the notion of enterprise zones and repeatedly hampered efforts to devolve powers to vary corporation tax in Northern Ireland.

Most recently he rejected outright the opportunity to use any savings achieved by implementing regional public sector pay to create employment here.

This retail tax is yet another example of Mr Wilson's growth hampering policies.

The Finance Minister simply doesn't understand what it takes to get Northern Ireland competing for jobs and investment in the modern world economy.

IRWIN ARMSTRONG

Chairman NI Conservatives

To email your letter to the Editor click here

Popular

From Belfast Telegraph