News In Brief: Stormont To Set 3-Year Spending Plan Following Rishi Sunak’s Budget Announcement

It is believed Northern Ireland is likely to get a 2.5% to 3% real terms average annual increase in day-to-day spending power in Rishi Sunak’s budget.

Once the budget has been announced Stormont ministers will be able to develop a three year plan for Northern Ireland as to how the money will be spent.

The Chancellor is also expected to announce £70m in funding to help small and medium sized enterprises (SME) in Northern Ireland.

The funding is set to build on the British Business Bank’s existing programmes to help SMEs to invest and grow.

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