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<p>The UK Government shares the Northern Ireland Executive’s goal of rebalancing the
Northern Ireland economy. The Northern Ireland economic pact ‘Building a Prosperous
and United Community’ set out a range of measures to help rebalance the Northern Ireland
economy and drive investment, jobs and growth. The first annual update on progress
was published in July 2014.</p><p> </p><p> </p><p> </p><p>Autumn Statement 2014 confirmed
the Government’s view that the proposal to devolve corporation tax rate-setting powers
to the Executive could be implemented, provided the Executive is able to manage the
financial implications. The ongoing talks process is examining financial and budgetary
issues, amongst a range of other issues.</p><p> </p>
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