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UK Treasury: Northern Ireland Could Gain £3 Billion Annually

4/21/2026

Summary

Story summary

The U.K. Treasury review says Northern Ireland could gain £3 billion annually for public services by raising property rates and introducing water charges.
It notes a £400 million overspend by Stormont ministers and that Northern Ireland could save £400 million by streamlining the civil service.
Ending the 'pay parity' policy could save £2.5 billion, but the Northern Ireland Department of Finance withdrew from the joint report due to time constraints.

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Story summary

The U.K. Treasury review says Northern Ireland could gain £3 billion annually for public services by raising property rates and introducing water charges.
It notes a £400 million overspend by Stormont ministers and that Northern Ireland could save £400 million by streamlining the civil service.
Ending the 'pay parity' policy could save £2.5 billion, but the Northern Ireland Department of Finance withdrew from the joint report due to time constraints.