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UK PARLIAMENT · FORMER

Máirtín Ó Muilleoir

South Belfast · Sinn Féin · Northern Ireland

IN THEIR OWN WORDS

Go raibh maith agat as an cheist sin. I think it must. I followed the Public Accounts Committee under my colleague Mr Swann, and I read the devastating October hearing when Ofgem appeared.

OFFICIAL REPORT, 2017-01-24 · READ THE OFFICIAL RECORD

While the areas it will investigate will be wide-ranging, it will necessarily include key areas in which there has been huge public interest, including the development and roll-out of the RHI scheme by the then Department of Enterprise, Trade and Investment; the signing off of the scheme by the then Department of Finance and Personnel; th…

OFFICIAL REPORT, 2017-01-24 · READ THE OFFICIAL RECORD

I thank Mr Clarke for that question. I know that Mr Clarke was at the PAC hearing that Robin Swann had the wonderful occasion to chair. I would have paid money to attend that because it was certainly a difficult session for the PAC.

OFFICIAL REPORT, 2017-01-24 · READ THE OFFICIAL RECORD

In relation to the question asked, I want to speak in particular of the seven months that I have been in the Department of Finance. I have been deeply impressed by the commitment, diligence and alertness of my officials to the RHI scandal. I mentioned previously alerting the Comptroller and Auditor General.

OFFICIAL REPORT, 2017-01-24 · READ THE OFFICIAL RECORD

Ba mhaith liom buíochas a thabhairt don Chomhalta as an cheist sin. I think that any inquiry will ask what went wrong, where it went wrong, who was accountable and what happened. In that context, I am totally convinced that the decision to involve Ofgem in the RHI scheme was a major mistake. Ofgem has failed.

OFFICIAL REPORT, 2017-01-24 · READ THE OFFICIAL RECORD

Therefore, I wish to reassure the public by setting out the steps that I think must be taken to ensure absolute openness and transparency. The arrangements I have detailed in this statement are intended to ensure this.

OFFICIAL REPORT, 2017-01-24 · READ THE OFFICIAL RECORD

The complete record

Every one of 1,305 lines we hold for Máirtín Ó Muilleoir, in date order, each linked to its source. Free to read, in full, without an account. Page 9 of 27.

  1. The capital DEL allocations in this monitoring round total £22·7 million and include £13 million to the Department of Education for minor works and the purchase of furniture and equipment for schools, which will please Members; £8·7 million to the Department of Health for essential maintenance and the purchase of ambulance defibrillators, which has also been a demand of many Members; and £1 million to the Department for Infrastructure for investment in LED street lighting, which is an invest-to-save initiative. Full details of the allocations are set out in the tables accompanying my statement. <BR /> <BR />Ring-fenced resource DEL is strictly controlled, and funding cannot be moved out of that area. Changes to that area are shown in the tables accompanying the statement.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  2. However, while the position does not allow us to progress a full resource DEL monitoring round, there are a small number of prior commitments, totalling £8·9 million, that the Executive have confirmed in this round. Those allocations include £2·5 million resource DEL to the Department for the Economy for route development at the City of Derry Airport; £4·8 million to the Department of Health for Translarna muscular dystrophy drugs; £1 million to the Department of Education for nurture units and other pressures; and £0·6 million to the Public Prosecution Service for service pressures. <BR /> <BR />I turn now to the capital position.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  3. That is a great opportunity. They will be relatively small-scale but focused interventions that improve the quality of key assets for local residents. I will work with ministerial colleagues to identify suitable capital projects in our communities in the weeks ahead and will provide an update to the Assembly in the January monitoring round. The allocations will be funded by accessing an additional £30 million of reinvestment and reform initiative (RRI) borrowing in this year. Full details of allocations under the Executive's First Step Stimulus package are set out in the tables accompanying the statement. <BR /> <BR />As previously indicated, the resource DEL position in this year remains constrained, and, as a consequence, the majority of allocations agreed by the Executive in this monitoring round are on the capital DEL side.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  4. <BR /> <BR />The Executive have agreed to support two schemes in the Department for Infrastructure that will provide a boost to our local economy. First, we will provide £15 million of capital DEL for roads structural maintenance. That allocation will not only enhance our road infrastructure but provide a boost to our local construction sector. A further £10 million of capital DEL will be made available for the purchase of new buses, helping to improve our public transport services and providing a boost to our local manufacturing sector. <BR /> <BR />I am very pleased that the Executive have also agreed a £5 million community regeneration fund for 2016-17. That fund is specifically aimed at improving infrastructure in our most deprived and marginalised communities, which, of course, are working-class communities.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  5. The Fresh Start Agreement provides the Executive with flexibility to access the full amount of borrowing made available under the Stormont House Agreement when the voluntary exit scheme does not require all the funding available in any given year. In view of the latest forecasts of spend on the public sector transformation fund, the Executive have agreed to divert borrowing to deliver a short-term economic stimulus through accessing additional borrowing to support capital investment in our economy. While I envisage that a longer-term economic stimulus package will be agreed by the Executive in the near future as part of our capital budget process, it is important that we send an early signal of intent to our citizens through the stimulus measures that I will now outline.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  6. <BR /> <BR />I turn now to the Executive's First Step Stimulus package, a prudent pick-me-up for the economy, if you wish.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  7. <BR /> <BR />Following June monitoring, a total of £97·3 million was allocated to Departments under the public sector transformation fund, leaving £77·7 million of the £175 million set aside by the Executive this year as unallocated. The public sector reform division has continued to liaise with Departments over recent months to identify easements on allocations agreed in the Budget and any new allocations to schemes with the capacity to deliver further savings for the Executive’s budget. Details of changes to allocations under the public sector transformation fund are detailed in the tables accompanying the statement. Following those changes, allocations under the scheme in this year total £75 million, leaving £100 million of the public sector transformation fund unallocated.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  8. <BR /> <BR />The Executive allocated £1·3 million to the Department of Justice in the June monitoring round from the resources that they had set aside for this purpose. Following the publication of its strategy to tackle paramilitary activity, DOJ has now confirmed that a further £2·5 million should be allocated in this monitoring round for measures to tackle paramilitary activity. The most significant allocations are £1·7 million to DOJ, £0·2 million to the Public Prosecution Service and £0·6 million to the Department for Communities. That leaves £1·1 million of the funding set aside by the Executive unallocated following the October monitoring round.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  9. Following those adjustments, all the funding available for a shared future is now allocated. <BR /> <BR />Members will recall that, in line with the Fresh Start Agreement, the Executive’s Budget 2016-17 identified £10 million resource DEL to tackle paramilitary activity. Of that, the Executive contributed £5 million, with £5 million to be accessed from the British Government, the latter being subject to the Executive agreeing a strategy to address continued paramilitary activity. The Secretary of State has advised that UK Government funding will not be released until the Executive agree a more detailed action plan. The Department of Justice will progress this to ensure that access to that funding is secured.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  10. Following that allocation, there is now £0·4 million resource DEL unallocated on the Atlantic Philanthropies fund. <BR /> <BR />The Fresh Start Agreement secured £60 million over five years to support the creation of a shared future. The Executive’s Budget 2016-17 set aside £12 million resource DEL in this year. Allocations totalling £11·5 million were processed in the June monitoring round. The Executive Office has advised that a small number of allocations should be processed in this monitoring round, including £0·3 million to TEO for shared future and Urban Villages and £0·2 million to the Department for Communities for arts and cultural programmes. My officials will engage with Treasury in securing access to that funding through the Westminster Supplementary Estimates.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  11. The Executive Office has advised that £0·8 million capital should be allocated to the Executive Office for capital grants to a range of projects under the social investment fund. The Executive Office has also confirmed that the remaining £7·1 million capital DEL will not be required for Delivering Social Change in this year and can be made available to the Executive for reallocation. As a result, there is now no resource or capital DEL remaining unallocated in the Delivering Social Change fund for 2016-17. Budget 2016-17 set aside £8 million resource DEL for the Atlantic Philanthropies programme. Following the June monitoring round, £2·6 million of that funding remained unallocated. The Executive Office has advised that £2·3 million should be allocated to DE for the shared education signature programme.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  12. I raised some specific concerns that I have on the use of financial transactions capital. I requested from the Chief Secretary a special dispensation on the use of FTC that will facilitate the creation of the planned investment fund. I am pleased to say that my request was positively received, and I have now asked my officials to expedite the delivery of the fund. <BR /> <BR />I turn now to central funds. As part of Budget 2016-17, the Executive set aside £14 million resource and £15 million capital in respect of Delivering Social Change in this financial year. A range of allocations were agreed in the June monitoring round, leaving no resource DEL and £7·9 million capital DEL available for allocation in the October monitoring round.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  13. However, it is now clear that the fund will not be in place before 31 March 2017, and the £55·8 million of financial transactions capital set aside for the fund in 2016-17 is now available to the Executive for alternative use. Taking account of the funding held centrally and the reduced requirements declared, the Executive will leave the October monitoring round with £77·5 million of ring-fenced financial transactions capital DEL unallocated. <BR /> <BR />As recently as yesterday in London, the Scottish and Welsh Governments have also expressed concern over the use of financial transactions capital, and we took the opportunity to raise the issue when we met the Chief Secretary to the Treasury.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  14. <BR /> <BR />The preferred delivery option involved the European Investment Bank taking an active role in the delivery and ongoing monitoring of the fund. In August, I visited the European Investment Bank and met vice president Jonathan Taylor. During the meeting, Mr Taylor informed me that the European Investment Bank could no longer take an active role in the delivery of the fund. The European Investment Bank will, however, continue to work with the Department of Finance in establishing the fund and providing technical assistance, and the bank's president has now confirmed its position in writing. My officials are reassessing possible delivery models. I remain committed to the £100 million investment fund, and I will update the Assembly on the outcome of that work in due course.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  15. <BR /> <BR />Before turning to the mainstream allocations, there are other important issues I would like to highlight to Members, starting with ring-fenced financial transactions capital (FTC). The Executive concluded the June monitoring round with £17·2 million of ring-fenced financial transactions unallocated, and, as detailed in the tables accompanying the statement, Departments have declared reduced requirements totalling £4·5 million. As colleagues will recall, the Executive have agreed to establish a £100 million investment fund. The overall aim of the proposed fund is to promote investment, economic growth and jobs, with a focus on urban regeneration projects, including, of course, grade A property, energy efficiency and low carbon projects.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  16. In some instances, Departments also seek permission to move allocations across spending areas to facilitate the transfer of responsibility for a particular function from one business area to another. The internal reallocations agreed by the Executive in this monitoring round are included in the tables for information. Departments may also, for a number of reasons, seek to reclassify expenditure from resource to capital or vice versa. All such reclassifications need Executive approval, and they are also shown in the tables accompanying the statement. All of those adjustments impacted on the total resources available to the Executive in this monitoring round. Once all of those issues were taken into account, the Executive had an overcommitment of £18·5 million resource DEL and £11·9 million capital DEL available to allocate.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  17. On the capital side, the most significant reduced requirements include £4·3 million from the Department of Agriculture, Environment and Rural Affairs relating to the planned relocation of its headquarters; £4·5 million from the Department for Communities due to slippage on the subregional stadia programme; and £3·5 million from the Department of Health relating to the mother and children’s hospital. <BR /> <BR />It is good practice that Departments seek to manage any emerging pressures internally before bringing forward bids for additional allocations. Whilst the public expenditure control framework allows Departments scope to undertake many such movements on a unilateral basis, movements across spending areas in excess of the de minimis threshold are subject to the Executive’s approval.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  18. Departments declared reduced requirements in this monitoring round of £11·6 million resource DEL and £16·2 million capital DEL. Full details are provided in the tables provided with the statement. On the resource side, the most significant reduced requirements declared include £8 million relating to employment services programmes and welfare support measures from the Department for Communities, and the Finance Department surrendered £3·2 million relating to the development costs of devolving corporation tax.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  19. <BR /> <BR />Members will also be aware that the Executive’s Budget faces pressures relating to the renewable heat incentive scheme. I will say more on this later; however, the Executive have set aside £20 million of resource DEL in this year to meet pressures arising from the RHI scheme, and that must be taken into account in assessing the resources available to the Executive. In total, taking into account the opening overcommitment and other central issues noted above, it resulted in an overcommitment of £30·1 million on resource DEL and £4·3 million on capital DEL. That was before taking account of departmental reduced requirements.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  20. <BR /> <BR />In 2015-16, receipts from the carrier bag levy exceeded allocations to environmental programmes by £0·5 million. As receipts from the levy must be used to support environmental programmes, the Executive returned the £0·5 million to DAERA for that purpose in the June monitoring round. However, updated numbers have now been received, and the Executive must now return a further £0·3 million to DAERA for the carrier bag levy. That has been taken into account in this monitoring round. <BR /> <BR />The Budget for 2016-17 set aside £15 million capital DEL for allocation under the Delivering Social Change programme. The Executive Office has now advised that £7·1 million of that funding will not be required in this year and can be made available for reallocation by the Executive in this monitoring round.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  21. Updates to forecasts of regional rate income, interest payments on borrowing and statutory salaries have resulted in a small easement of £0·2 million that can be made available to the Executive in this monitoring round. <BR /> <BR />Members may recall that, in the 2013-14 January monitoring round, as part of an agreement to provide £35 million of ring-fenced financial transactions funding to Ulster University (UU) for its greater Belfast development, the university agreed to return £7 million to the Executive from its accumulated reserves. Some £3·5 million was returned in 2014-15, and a further £3·5 million was to be returned in 2016-17. The Executive have now received the £3·5 million from UU relating to this year, and it has been made available for reallocation in this round.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  22. <BR /> <BR />Before we get into the detail of the monitoring round, it is important to highlight the fact that significant constraints face our resource DEL position in the current year. In that context, aside from meeting a small number of prior commitments, the focus in this monitoring round has been on the capital DEL position and measures that will deliver an economic stimulus to our economy. The starting point for this monitoring round is the outcome of the June monitoring round, which concluded with an overcommitment of £13·5 million on resource DEL and £11·4 million on capital DEL. <BR /> <BR />I now want to turn to the specifics of the October monitoring round, starting with a number of adjustments relating to centrally held items.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  23. <BR /> <BR />The new process allows the Executive to focus on and react quickly to the key emerging pressures. It is consistent with the position adopted in Scotland, Wales and the South of Ireland, where parliamentary scrutiny takes place through the Estimates process and focuses on in-year changes to budgets with no references at all to bids. In keeping with the practice in those jurisdictions, the Executive do not disclose their deliberations in reaching an agreed monitoring round outcome. The focus of scrutiny is and should be on outcomes. The swift conclusion of the June monitoring round and the fact that I am standing before you today providing details of the October monitoring round demonstrates the efficiency of the new approach.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  24. All three Administrations expressed concern at the impact on their economies and the need for the British Government to provide clarity on the way forward. We also discussed a number of specific finance issues, which I will touch on shortly. <BR /> <BR />Before turning to the detail of this round, I want to pre-empt questions that I expect will follow from Members about the monitoring round process adopted by the Executive. The approach now adopted by the Executive to the monitoring round process no longer requires the submission of bids by Departments. The submission of a wish list of bids did not give a good indication of real pressures and led to slow and cumbersome negotiation, as Members from all parties know. Instead, key pressures are now identified through ongoing engagements between my officials and Departments.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  25. Mr Speaker, thank you for affording me the opportunity to present this statement to the Assembly today on the October monitoring round and the Executive’s First Step Stimulus package. This is the second monitoring round of this year and follows on from my statement on the June monitoring round. <BR /> <BR />Before turning to the October monitoring round, I will take the opportunity to update Members briefly on discussions that I have had over recent days with the Chief Secretary to the Treasury, David Gauke, and the Scottish and Welsh Finance Ministers, Derek Mackay and Mark Drakeford. Yesterday, along with my Scottish and Welsh colleagues, I met David Gauke. During that meeting in London, we discussed a number of important issues, including the outworking of the EU referendum decision.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  26. <BR /> <BR />A Cheann Comhairle, ba mhaith liom buíochas a ghabháil leat as an deis seo a thabhairt dom an Ráiteas seo faoi Bhabhta Monatóireachta Dheireadh Fómhair agus faoi phacáiste Spreagthach an Fheidhmeannais, An Chéad Chéim a chur faoi bhráid an Tionóil inniu. Seo an dara babhta monatóireachta i mbliana a thagann sna sála ar mo Ráiteas i leith Babhta Monatóireachta an Mheithimh. <BR /> <BR />A Cheann Comhairle, sula labhraím ar Bhabhta Monatóireachta Dheireadh Fómhair, ba mhaith liom an deis seo a thapú uasdátú beag a thabhairt do na baill ar na cainteanna a bhí agam le cúpla lá anuas le Príomh-Rúnaí an Státchiste agus le hAirí Airgeadais na hAlban agus na Breataine Bige.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  27. In answer to Mr Farry — I know it is not my job to answer Mr Farry — I can assure him that I am giving this statement to the Assembly to give the Assembly, and all Members, their due place in our deliberations. <BR /> <BR />As I move through another lengthy statement, I apologise to Members because they have had a long morning already. However, they will be pleased with some of the statements in here, for example, in relation to the British Government being pressed on a fiscal stimulus in the autumn statement on 23 November. Also, there is a shot in the arm for our local economy through a small stimulus package here today, and some good news on financial transactions capital that will not be returning to the Treasury.

    OFFICIAL REPORT, 2016-10-25 · READ THE OFFICIAL RECORD

  28. These are just some of the projects, and I have no doubt that they will be complemented by other people, but the drive will have to be to increase the pace of the transformation that we have seen in that part of the city. <BR /> <BR />Last word — Belfast badly needs an art gallery. We know that Pat Doherty is a great fan of the arts, and of art. They had a plan on the table some years ago, but whether it is at Titanic Quarter or is for Belfast City Council to consider, I am not sure where this 21st century European-class art gallery should go in Belfast. Certainly, I would be very supportive of anyone who comes forward with more cultural and arts projects for Titanic Quarter.

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  29. They are particularly good at spreading the love and want to get involved in other projects outside East Belfast, and I commend that. <BR /> <BR />I am really hopeful in the short time ahead — I have discussed some of this with Mr Lyttle — that we will see more cranes above Titanic Quarter; that we will see an additional hotel go in — as well as the boutique hotel that is going into the Titanic drawing rooms — perhaps in front of Titanic Belfast; that we see additional grade-A office space beside the wonderful offices of Citigroup; and that we see another building go in for the cutting-edge knowledge economy jobs that Catalyst Inc are bringing to the quarter.

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  30. The only other group that I want to mention is Catalyst Inc, formerly the Northern Ireland Science Park. The leadership of Dr Norman Apsley, Steve Orr and Alan Watts is absolutely exemplary; they are true pioneers. Their focus is on job creation, and they are determined to create a reputation for us as a hotbed of innovation, research and cutting-edge technology. I really love their approach; they just get things done, and the force and conviction they bring to their mission is absolutely inspiring. I met them earlier this year at a meeting with the board of Catalyst Inc, after its rebranding, to hear the ambition and scale of their plans. It gives you great heart and, when you meet them, they tell you, "Here's the plan we need help with immediately and, by the way, we've another one in two years' time".

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  31. Hopefully, as the peace process between the harbour and Titanic blossoms we will see that bridge. We definitely need another bridge across to the new Hyatt hotel and to the Baker and McKenzie offices and so on. I agree with him on improved infrastructure. I also want to say that we need to see more entrepreneurs investing there. I want to talk, in a second, about the large business projects that are there, but we need to find ways to encourage entrepreneurs to go in. When the new hotel opens in the drawing rooms, that will be a great lift. However, I would like to see more indigenous entrepreneurs have a go at making a living off the back of the tourism and the other people who visit Titanic Quarter every day.

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  32. When Cast and Crew took over what was an old bank building, Niall and Joanne McKenna invested their own money, turning it around. I have met cyclists there early on a Saturday morning, stopping to have their breakfast. Also, late at night, some nights, they bring life back into the area. The entrepreneurs who are the pioneers and put the first stake in the ground are those we need to reward and acknowledge.

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  33. I was delighted to see rising from much of where the shipyard was — I know that Harland and Wolff is very much still in business — really a new Belfast, where everyone is welcome, diversity is treasured and prosperity is the goal. <BR /> <BR />I really want to echo some of the points that Chris made and maybe mention some different people. He mentioned the Dock Café, and I think the generosity of the Dock Café is a great symbol of the new Titanic Quarter, of the new East Belfast and of the new Belfast. I want to mention the Cast and Crew restaurant because we really know that the revitalisation of an area is taking place when you see an art gallery or a restaurant. In another part of East Belfast, we have seen the ArtisAnn art gallery in Bloomfield Avenue opening recently.

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  34. Tá áthas orm páirt a ghlacadh sa díospóireacht seo anocht. I am delighted to take part in the debate tonight. Chris Lyttle did not leave much for the rest of us. He gave us a virtual tour of the Titanic Quarter. Like my colleague Mr Douglas, I have a connection to the former shipyard and to East Belfast because my father worked in the shipyard. He recalled working in a blizzard of asbestos at a time when they were cleaning old heating units on ships that had been decommissioned. I suppose he was fortunate because there were not a lot of people from Ramoan Gardens or Andersonstown working in the shipyard at that time, but I have always felt a great connection to the shipyard.

    OFFICIAL REPORT, 2016-10-18 · READ THE OFFICIAL RECORD

  35. I am sure that there are many groups in the Member's constituency and across the jurisdiction putting in bids for money that need it, and I think that the Member expects that I would try and staunch any loss from the renewable heat incentive as soon as possible. In working with the Economy Minister, that is my intention.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  36. We have set aside £20 million and placed it at the centre as a contingency fund for the renewable heat incentive. I suspect there will perhaps be a call for another £6 million. I am heartened by the fact that, as you know, the PAC, which is chaired by your colleague Robin Swann, met last week and is investigating the matter as well. I am also heartened by the soundings coming from the Department for the Economy. Not only is PricewaterhouseCoopers investigating the matter, but I think that everyone understands that, whether it is £10 million, £100 million or whatever, it is vital that we get to grips with it. <BR /> <BR />We all understand that money is tight.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  37. I thank the Member for her question. Never has a Committee session been listened to so avidly on the day, but I am glad that, afterwards, it is being recalled as well. <BR /> <BR />The Member can be absolutely certain that issues over the renewable heat incentive will be tackled expeditiously by the Executive. It falls to the Minister for the Economy in the first instance. Even with the hyperbole and exaggeration from the Opposition, I would be amazed if the cost of the overrun of the renewable heat incentive were £1·2 billion. It is my intention to work with the Economy Minister to make sure we sort out the issue as soon as possible.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  38. There is a spirit of entrepreneurship and enterprise there from which we can learn.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  39. Gabhaim buíochas leis an Chomhalta as an cheist bhreise a chur faoi Euskadi agus faoin chaidreamh atá againn le hEuskadi. I always enjoy saying the name of the Basque finance Minister, Ricardo Gatzagaetxebarria. I met him in August. I am pleased that, in line with the cooperation we have had with Professor Bengoa, he is keen to keep a level of cooperation with us and will send three officials from his Ministry to the trilateral meeting to observe and have some meetings the evening before and through the rest of that day. <BR /> <BR />It is worth noting that the Basque Country — the Basque autonomous region — where the Finance Minister serves is an economic powerhouse. They have a different system from ours, in that they raise all the taxation and then give to Madrid 6%.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  40. Then we will come together and try to plan the best way to approach a series of issues with the Chief Secretary to the Treasury in London on Monday.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  41. The good news is that we moved it forward to this Friday, so I think that is 21 October. I will meet the Finance Minister of Scotland, Derek Mackay, and the Finance Minister of Wales, Mark Drakeford, to continue the series of trilateral meetings we have agreed to have. We have agreed to meet in the council offices in Newry. I hope we will be able to involve some of the local councillors, the mayor of Newry and the chairperson of Newry, Mourne and Down District Council. The whole concept of those trilaterals is to make sure we speak with one voice. When we speak with one voice, we speak for 10 million people. We will have our meeting on Friday. The visiting Finance Ministers will have a chance to see a little of the border region, as well as Belfast the night before, and to meet some representatives of the community and business sectors.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  42. It is my firm view — my firm view — that the religious institutions that had custodianship of children in these homes right across the divide certainly have an obligation to make a contribution towards whatever redress has to be made in the time ahead. I look forward to the recommendations from the First Minister and deputy First Minister. I think there is no doubt that that will be after Justice Hart reports, but, as he knows, I am sympathetic to this case, and I look forward to seeing Justice Hart's findings.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  43. As the Member knows, even as chief steward of the finances, I cannot speak for the First and deputy First Ministers. I have met the campaigners for the victims and survivors of institutional abuse on many occasions. They have my support, and I am happy to meet them again. I have asked officials to start looking at the possible ramifications of Judge Hart's findings, because he has already said that there will be redress. <BR /> <BR />The Member will know that the Conference of Religious of Ireland, south of the border, contributed €128 million towards the settlement for victims of institutional abuse.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  44. I thank Mr Lyttle for his question. Of course, I was there today when he addressed the gathering of victims and survivors of institutional abuse. The report is only out today. I have received a copy. It is much too early for me to respond. The Executive Office is leading on the matter, as you know. Since the presentation, since lunchtime, I have asked my officials to analyse the report and to speak to its authors, Quarter Chartered Accountants, before coming back with their views, which I hope to feed into the Executive Office expeditiously.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  45. For my part, I stand with the peacemakers, but I also say this: if anyone, whether a white-collar or a working-class criminal, misuses one cent or one penny of European funding, central government funding or the SIF, I will make sure that they are brought to book. Just because someone has a past different from that of the Member does not mean that the person is not an upstanding member of society. I stand with those who are moving into the future. The Member — I heard this earlier — wants to push people back into their corners or boxes. There are no more corners or boxes in Belfast; it is a shared city, and I hope that we will all grow and share it together.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  46. I invite the Member to come to Sandy Row with me. If some of the people we will meet there had not made a break with the past, many more people would have died in this jurisdiction. These are people who resisted the wish of others to retaliate, if that is the correct word, when British soldiers were killed in Massereene, prison officers were murdered and police officers were murdered. They exercised — Martin McAleese, then senator, who spent a night on the phone to former loyalist paramilitaries urging them to follow the path of peace, has spoken about this. It is easy to mock, to deride, to have a class bias against people from Sandy Row and other areas.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  47. I detect in some of this a bias against working-class areas. For my part, I will defend the SIF — I heard the debate earlier — and I will also work to ensure that the money gets out the door more quickly, because I agree with the Member that there have been too many delays and hold-ups.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  48. I cannot hear often enough that I am the chief steward or custodian of public finances, but, of course, it is a job for us all — that is why we are discussing it — to make sure that the money we hold for the public is spent with an emphasis on value for money at all times. I am definitely in a different camp from those who expressed certain views about the social investment fund in the earlier debate. I am on record as saying that, for me, it was too slow, but I now see the money coming out. <BR /> <BR />I have stood in Sandy Row with some of those who have made a break from a very difficult past. I do not believe that they were the only people to blame for that difficult past, but I admire those who stand up and say, "The way forward is through wholly democratic and peaceful means".

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  49. That is a fair question. The Member can be assured that whatever is needed to allow the Assembly and the Committee to have adequate and proper input will be done. I am working on a timescale that is dependent upon how many shocks and unknowns are in Mr Hammond's statement of 23 November. I do not want to overemphasise it, but there is real uncertainty about what his intentions are on a series of matters. <BR /> <BR />You can certainly receive a guarantee from me that whatever time the Assembly or the Committee needs to consider those matters will be given. I think that it will be adequate and might be a little bit more than what was received last year in what were, of course, also extraordinary circumstances.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD

  50. I thank the Member for his question. I am usually at the back at these matters; he may have been at the front. I noticed that other politicians were at the front, including my great friend Declan Breathnach from County Louth. I commend him on that demonstration — I presume that he is referring to the one at Carrickcarnon. I thought that it was a great coming together of politicians — you do not see that often enough — not to mention all the other sectors. <BR /> <BR />I am totally confident and certain that the approach that l am taking to the Budget is absolutely compliant with all legislation. It is the best way forward. The uncertainty emanating from London meant that there was no way that we could have brought forward the intended three-year resource Budget for 2017-2020.

    OFFICIAL REPORT, 2016-10-17 · READ THE OFFICIAL RECORD