The press release from the Northern Ireland Economic Council, dated 8 December 1997, discusses the implications of the 1997 UK Budget for Northern Ireland. It highlights the government's broadened economic objectives, emphasising employment, economic stability, and the promotion of a fairer society. The document welcomes changes to the tax system, particularly for small companies and VAT reductions, but notes potential risks such as higher interest rates and a stronger pound affecting local manufacturing. It also discusses the New Deal initiatives for the young and long-term unemployed, and the New Deal for Schools, stressing the need for public investment in education, technological development, and infrastructure to achieve sustainable economic growth.
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