DUP plans to axe public jobs to fund business tax cut

Nov 03, 2014, 09:36 AM

You'll remember the story we brought you on Friday - the leaked DUP talks document and the proposal to bring the Stormont welfare reform debate to a head. We can reveal today that document also contains controversial plan for job cuts through a voluntary redundancy programme. A Voluntary redundancy scheme is on the agenda at the Assembly, but the DUP wants to go further and use the money to slash corporation tax, that's the tax on company profits. Up to now, the planned redundancy programme had been talked about it terms of saving £160m a year. The DUP document talks about £400m. It says this could be achieved by cutting public sector jobs here to the same level they have been cut across the water. That could involve big numbers.