Tue 28 Jul 2026
FTSE 100 10,871.02 +2.69%Microsoft 398.81 +0.27%NVIDIA 197.77 -4.59%Apple 339.85 +3.70%Google 333.47 -3.67%S&P 500 7,441.62 -0.90%Nasdaq 24,938.54 -3.48%Dow 52,855.44 +1.21%Russell 2000 2,950.38 -1.24%US 10Y Treasury 4.59% -1.40%Euro Stoxx 50 6,289.51 -0.44%DAX 25,464.01 +1.81%AEX-Index 1,092.50 -0.75%Nikkei 225 62,364.92 -5.67%Hang Seng 25,310.85 +0.71%Gold $4,045.40 -0.03%Silver $57.74 -0.10%Brent Crude Oil $83.57 -17.00%Natural Gas $2.68 -8.16%Copper $6.36 +0.94%GBP/USD 1.3307 -0.54%GBP/EUR 1.1665 -0.58%GBP/AUD 1.9047 -0.32%Bitcoin (USD) $63,756 -0.53%Ethereum (USD) $1,916 +3.00%FTSE 100 10,871.02 +2.69%Microsoft 398.81 +0.27%NVIDIA 197.77 -4.59%Apple 339.85 +3.70%Google 333.47 -3.67%S&P 500 7,441.62 -0.90%Nasdaq 24,938.54 -3.48%Dow 52,855.44 +1.21%Russell 2000 2,950.38 -1.24%US 10Y Treasury 4.59% -1.40%Euro Stoxx 50 6,289.51 -0.44%DAX 25,464.01 +1.81%AEX-Index 1,092.50 -0.75%Nikkei 225 62,364.92 -5.67%Hang Seng 25,310.85 +0.71%Gold $4,045.40 -0.03%Silver $57.74 -0.10%Brent Crude Oil $83.57 -17.00%Natural Gas $2.68 -8.16%Copper $6.36 +0.94%GBP/USD 1.3307 -0.54%GBP/EUR 1.1665 -0.58%GBP/AUD 1.9047 -0.32%Bitcoin (USD) $63,756 -0.53%Ethereum (USD) $1,916 +3.00%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 29°C SunnyBirmingham 26°C Partly cloudyManchester 27°C Partly CloudyNewcastle 23°C Partly CloudyBristol 28°C Partly CloudyPembroke 21°C SunnyEdinburgh 20°C Light rain showerBelfast 22°C Light rain showerInverness 21°C Partly cloudyPenzance 23°C Partly cloudyHolyhead 19°C CloudyNorwich 31°C Partly Cloudy
More Info

O’Dowd Challenges Treasury’s Budget Claims

Advertisement
Follow News in 60 on Facebook

Northern Ireland’s Finance Minister, John O’Dowd, has strongly criticized a recent Treasury report that claims the Stormont executive is not taking necessary steps to resolve its budget issues. The report suggested that if Northern Ireland aligned its civil service size with the rest of the UK, it could access an additional £3 billion annually for public services.

O’Dowd refuted the report’s assertions, particularly regarding health spending, stating that it misrepresents the financial realities in Northern Ireland. He highlighted that the actual health expenditure per person is about 6% higher than the Treasury claims, and that the report fails to account for the unique challenges posed by Northern Ireland’s rural landscape.

The finance minister also pointed out that simplistic suggestions for local revenue generation overlook the broader economic implications. For instance, the decision not to implement water charges was made to protect household finances, as Northern Ireland is the only UK region without direct water charges.

With departments currently operating under emergency financial procedures due to the absence of a budget, O’Dowd emphasized the urgency of securing additional funding from the Treasury to prevent severe damage to public services. He expressed concern over the lack of urgency from the Treasury in addressing these financial challenges.

Source: BBC News

Read more Money news →

Leave a comment

Your email address will not be published. Required fields are marked *