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UK Set to Outline Plans for Northern Ireland Financial Package

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Shoppers walk along Donegall Place in view of the Belfast City Hall in Belfast, Northern Ireland, U.K., on Friday, Jan. 3, 2020. Nationalists who want to bring the island of Ireland together made advances in the U.K. general election while unionist parties that want to remain in the U.K.lost their majority. Brexit may have blurred the lines between political tribes in the U.K., but in Northern Ireland it's entrenched them even more.

Shoppers walk along Donegall Place in view of the Belfast City Hall in Belfast, Northern Ireland, U.K., on Friday, Jan. 3, 2020. Nationalists who want to bring the island of Ireland together made advances in the U.K. general election while unionist parties that want to remain in the U.K.lost their majority. Brexit may have blurred the lines between political tribes in the U.K., but in Northern Ireland it’s entrenched them even more.
, Bloomberg

(Bloomberg) — UK ministers are set to lay out plans for a financial package to help shore up Northern Ireland’s public finances at a meeting on Monday, the Financial Times reported, without clearly saying where it got the information.  

Analysts estimate Northern Ireland may need additional funding of at least £1 billion ($1.25 billion) to get back to a position of stability, the paper said.

One key issue that may be tackled on Monday is how much funding is needed and what conditions would be attached to any package. The discussions are separate to negotiations that have been taking place between the UK government and Democratic Unionist Party, according to the FT.

Read more: Irish Prime Minister’s Optimism Falters on Northern Ireland Deal

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