Extra £1bn for Northern Ireland will barely dent public finances

Photo of Extra £1bn for Northern Ireland will barely dent public finances
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UK government will spend £802bn this year, so funds ‘not much more than rounding error’, says IFS deputy head

The deal to spend an extra £1bn over two years in Northern Ireland will do little to disturb the public finances.

Of the funds, about £400m will be directed at new physical infrastructure, £150m on better broadband, and £40m will tackle deprivation. Another £350m will be spent on health and education services.

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