UK: May Pens Billion Dollar Deal to Secure Right-Wing Government Coalition

Posted June 30, 2017

British Prime Minister Theresa May drew closer to clinching a deal to prop up her minority government on Monday as she prepared to meet the leader of the Northern Irish Protestant party.

UTV political editor Ken Reid has reported the deal is "expected to be agreed" at Number 10, quoting Ms Foster as saying it is "imminent".

Discussions between the two began immediately after the election and centred on a "confidence and supply" deal in which the DUP would support the government in any confidence votes and to pass budgets.

Labour has called for all parts of any potential agreement to be made public.

"In particular, the delivery of the York Street Interchange has always been a key infrastructure priority for local firms from across Northern Ireland, not just those based in Belfast". He was also quoted in the weekend press as promising to resist "back door funding" for Northern Ireland.

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Traders said fewer buyers signed contracts to buy existing homes in May, likely because they can't find or afford what they want. He did not repeat that phrase on Wednesday, and markets immediately priced in a greater chance of an earlier-than-expected rise.

And Plaid Cymru said that Wales should receive around £1.7 billion to match the largesse provided by the Government to Northern Ireland as part of the pact between the Conservatives and DUP.

Since the election result both parties have been in talks - with Conservative spokespeople initially claiming a deal - but there has been no formal agreement.

"We are determined to utilise this position to help deliver stable government in the United Kingdom and address long-standing issues which affect everyone in Northern Ireland".

Under a "supply and confidence" arrangement meant to last for the full Parliament, the DUP guarantees that its 10 MPs will vote with the Government on the Queen's Speech, the Budget, and legislation relating to Brexit and national security.

Scotland's First Minister said the deal also raised questions for Scottish Secretary David Mundell, who previously said he "won't support funding which is deliberately sought to subvert the Barnett rules".

May seeks to allay peace process fears over DUP alliance
DUP leader Arlene Foster said on Tuesday that an agreement between the two sides would be concluded "soon". The DUP leader is nearly certain to ask for greater investment in Northern Ireland as the price of a deal.

She said the Tories had now recognised the case for higher funding in Northern Ireland and will publish details of financial support to be made available in due course.

Sinn Fein president Gerry Adams said any extra money for Northern Ireland was a good thing, and the restoration of power-sharing was the only way to ensure it was fairly distributed.

Talks will continue today today to try to re-establish a power-sharing executive in the North.

Turning to the situation in Northern Ireland, the prime minister added: 'Time is running short for the parties to come together and reach agreement to re-establish a powersharing Executive by June 29.

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