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Ulster's Tories are wrong on corporation tax

I NOTE the letter from George Harrison in the Belfast Telegraph about corporation tax (Write Back, October 3). Let me correct Mr Harrison's false assertion that I have "been forced to backtrack".

My position remains the same: if we were to introduce a reduction in corporation tax now, there would be no immediate benefit, but there would be an immediate cost. Most people now accept the wisdom of having a lead-in time of three to four years.

The truth is that Mr Harrison's friend, Irwin Armstrong, got it wrong and I hope that he has the good grace to accept that he was wrong.

Although I would say to Mr Armstrong that, if he wants to enter the political arena, he should be prepared to defend any arguments he makes so that in the future Mr Harrison will not have to defend the dodgy economics of the chair of the Northern Ireland Conservatives.


Finance Minister


From Belfast Telegraph