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UK gives Northern Ireland £390M over three years for public services and fiscal stability.
The UK Treasury has allocated £380 million to Northern Ireland over three years via the Barnett formula, following England’s £4.1 billion special education funding boost, plus £10 million in capital funding, totaling £390 million.
The funds, not tied to specific uses, aim to support public services and fiscal stability.
Northern Ireland Secretary Hilary Benn urged the Executive to use the opportunity to agree on a multi-year budget, as failure to do so could trigger a financial roll-over.
The funding follows a previous £400 million loan to address budget shortfalls, with Finance Minister John O’Dowd calling the support essential amid rising service demands.
Economic forecasts have been revised downward due to global uncertainties.
El Reino Unido otorga a Irlanda del Norte 390 millones de libras esterlinas a lo largo de tres años para los servicios públicos y la estabilidad fiscal.