HMG Northern Irish Under Funding

As a direct consequence of the legacy of HMG under funding, in relation to Northern Ireland: and or the questionable effectiveness of the Barnet formula? There are alternative NI Revenue raising possibilities. Most especially, in relation to an all Ireland economy. In the light of successive mismanagement of UK economy and pressures, on the under funded NI Executive. Are NI Ministers to be afforded additional delegated revenue raising statutory regulations powers?

Has the Sectatary of State for Northern Ireland. Issued an invitation to treat - to the NI Power Sharing Executive? To raise revenue and take a fair share of the wealth cake for the Nl electorate?

HMG national debt was at £ 2.7 trillion. This is Estimated at 101% of GDP. Quantitative easing Bank of England bond purchases at £895 billion. The annual servicing costs of QE were £ 24O billion. QE debt servicing at £239 billion. Cash losses amounting to £108 billion and £164 billion market losses.

All confounded by a former British Conservative Government legacy of under funding, in the amount of a £23 billion hole in public finances? It begs the question how can any new government coming into office meet their manifesto commitments: and or deliver viable policies?

Therefore the open market economy, must make a financial contribution. A balancing fairness adjustment, because this is an inefficient, deficient failed system of governance. Therefore, it is incumbent on the open market economy beneficiaries, to make a financial contribution / balancing adjustment. Despite this the NI Power Sharing Executive, is required to balance the books and bring about NI economic growth outcomes. Therefore, NI DEVO-MAX and full fiscal autonomy and immigration control powers. Together with a movement - towards a strict separation of NI Powers in the NI Power Sharing Executive: and or an NI legislative cross party opposition assembly. Is an essential NI Executive reform, in order to progress - an NI Executive collective responsibility rational. As a working foundation, for NI cooperative revenue raising. Again, it is therefore, essential to identify those sources of revenue operating outside the democratic framework. I. E. In order to obtain a post profit tax variation. This is to assist in augmenting, NI resource allocation of public funding. On this basis - here are some potential examples that may be considered. Casement Park still has significant potential for NI Revenue raising. For example, a share in the £8 Billion receipts earned last year in concert and music industry in 2024. This is quite a part from future sports events. Missing the EURO's was a politically mischievous missed opportunity for NI revenue raising?

A potential NI revenue raising provision, in relation to NI health care. Specifically restricted to waiting lists, with a under funding history, as distinct from current needs funding: and or primarily care underfunding. A potential for an indirect source of NI revenue raising, is the NI free prescriptions captive market pharmaceutical monopoly? Whether this qualifies for a Competitions and Markets Authority intervention?: and or the NI Executive Finance / Health portfolios, can raise revenue from a percentage of profits from - a ratio of IP patented / generic medical products supplied to NI prescriptions market. I. E. To make a contribution to cover at least the above health care costs. This percentage contribution, from identified NI / UK pharmecutical corporations, may be able to carry forward a post tax profit rebate in tax liability? For example, UK pharmaceutical turnover in 2022 was £46.7 Billion. In Northern Ireland in 2022 the proportion of dispensed prescriptions was approximately 60 million. In England the prescription charge prior to ending prescriptions charges - was £9.90 per item. This amounts to £594,00,000 million. The complexity of the pharmaceutical industry supply chain, may involve, identifying many potential contributors for Northern Irish revenue raising? This is not advocating the reintroduction of NI prescription charges. The number crunchers can no doubt arrive at a percentage of post taxed profit, via a type of competition and markets authority intervention / negotiations? I. E. A revenue raising percentage contribution. For the most part located, in the open market and finance economy, but outside of the rule of law democratic resource allocation accountability processes. Presumably capable of being recouped, via an imaginative post profit corporation tax / Capital gains / Vat / income tax / rebate scheme?: and or charity commission modalities?

Likewise, in relation to imported energy products. In this respect, HMG stated that they were only 4% dependent on Russian gas and oil? The external finance benefits have not been passed on to NI / UK consumers? These funds should be made an authorised contribution, towards infrastructure costs.

There is a natural gas monopoly in Northern Ireland. This is made up of three providers. SSE Airtricity a public corporation: Firmus Energy: SGN Natural gas. There are 163,000 customers. A post profit variation contribution towards infrastructure projects may be worth pursuing?

The Competition and Markets Authority has entered into a financial arrangement with the 7 top building companies in the UK. Based on fairness issues short of a fine or legal liability. This agreement amounts to a payment of £100 million to selected housing associations to build social housing. This figure represents 4% of the 7 building companies annual profits. This arrangement may or may not be surreptious by default or design. I. E. Fixing a failed system - external to democratic HMG fiscal and monetary resource allocation accountability processes?

Likewise, the NI Housing Executive may be able to raise revenue from a percentage of profits from the building construction companies, operating in NI. These funds should be used towards infrastructure costs to enable social housing construction: and or in relation to new NIHE social housing projects. Alternatively: and or in addition to the Northern Ireland Housing Executive may consider selling all 87,000 units to the tenants at the individual cost of construction and retain the freehold: and or or simply transfer the leasehold interest over to tenants in occupation ten years or over. This will save on maintenance costs and may considerably reduce the NI Housing benefit bill. Thereby, freeing up public funding and indirectly raising revenue. In addition this will raise low tier rates on these new home owners. An NI cooperative housing maintenance arrangement, may be considered for the purposes of reducing unemployment and creating apprenticeship learning and development opportunities.

The telecoms industry in the UK is estimated at 36.12 billion in 2025. The communications industry in Northern Ireland is a market made up of providers, who may be in position to make a post tax profit variation contribution. I. E. Towards the development of NI infrastructure projects. This type of NI raised revenue may for example, be used to assist primary, and secondary and further NI educational learning and development.

The UK supermarket industry is estimated to £1.01 trillion. The NI grocery market is valued at £4.3 billion. Therefore, the multi national supermarkets operating in Northern Ireland could make a post taxed profit variation. This could be made with a view to assisting, in the development of agriculture and horticulture foods industry. I. E. By contributing to the development of farming and environmental infrastructure. NI / RI should be looking to put an Irish breakfast on every UK / EU family table: and or an Irish mixed grill onto every town and capital city restaurant table. Yes, an insatiable market.

There are no doubt many other revenue raising possibilities. Contribute with ideas.

In essence, the application of a type of equitable doctrine of election and revenue law post death variations. This proposal / solution has significant potential for both revenue raising, equity and social change. No doubt HMG would rather wish to assist the wealth based ruling classes, to take over NI Water and give everyone, another bill to pay - in a cost of living crisis?

The NI economy has difficulty stimulating economic growth because of the imbalance as between the public and private sectors. The geographic and spatial spread. I. E. relative to both the public service sector delivery and to cost effective supply chains. The benefits of any multipler effect, are significantly reduced and the Barnet formula, is both inadequate and invertly conflicting and competing with its own objectives? For example, in England, in a round trip of 1 hour there - is a potential market of 10 to 15 million people. NI / RI need to produce more from less and export and harness IT / AI: and or to bring people into NI in order to increase the foot fall in tourism, events - sports, music, culture / festivals. This requires venues, facilitates and infrastructure.

The advocating of an NI balancing contribution adjustments, are not about an expectation of wealth creators, paying more tax, it is about the taking of less for themselves. Why, because the system has not only failed. Monetary policy now amounts to the printing of money backed by government bonds. Wherein, the medium of exchange does not become a 100% real money store of value, until it reaches the bank accounts of investors and shareholders. The only alternative to making these types of open democratic negotiated contribution adjustments. Is to move to a system of public nationalisation of all production, distribution and exchange. Thereafter, to centrally / regionally control and outsource viable open market enterprise developments. I. E. On the understanding that there is no ideological property in positivist economics.

The UK system of democracy, is set within a framework of limitations, by the external open market economy and global finance influences. Thereby, restricting, limiting and undermining internal democratic resource allocation. I. E. Democratic decisions and actions. Essentially, impacting in favour of the wealth based ruling classes and impacting negatively - on those condemned to welfare poverty: and or on the minimum wage: and or passive recipient's of the lifestyle business model, of "wage slave mortgage hostage" . A wealth based power and control by unelected elites, perpetually circumventing the system of democracy and indirectly, dictating economic outcomes. Clearly, these components of the open market economy, must make a financial contribution. I. E. A balancing adjustment, before a new government enters office: and or during periods of budget responsibility. In this connection, GDP has essentially become a limited measurement of consumption? The circular flow and consumption - investment - government spending / Exports - imports - is contained and contrained,, preventing economic growth potential? Fiscal rules around national debt and QE quantitative easing, may not be able to stand up against the internal inflationary pressures and external forces of global finance. This may result in a laws of diminishing funny money returns. The monetary policy may become all consuming, resulting in a Sterling and Euro currency devaluation and debuious crypto / AI digital financial control? All moving further away from democratic accountability.