Business A.M
No Result
View All Result
Thursday, September 3, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
No Result
View All Result
Business A.M
No Result
View All Result
Home Europe

Inside the $1.3 billion deal that gives U.K. a government

by Admin
June 26, 2017
in Europe
Theresa May, UK Prime Minister

Prime Minister Theresa May on Monday promised £1 billion ($1.27 billion) of taxpayers’ money for Northern Ireland as part of a deal to keep her minority government in office.

A small fringe party in Northern Ireland has promised that its 10 members of parliament will now back May on key votes including Brexit and the budget. The first big vote — on May’s legislative program — is due this week.

May was forced to seek their support after her Conservative Party’s majority was wiped out in an election earlier this month.

It’s a huge amount of money: £1 billion is roughly 10% of Northern Ireland’s annual budget. The new funding is equivalent to £540 ($670) for every person living in the region.

The extra government cash will go to health, infrastructure and economic development projects and will be dispensed over the next five years, most of it in the next two years.

After years of deep austerity in Britain, and with further cuts planned, the deal has sparked an angry response in other parts of the U.K.

Scottish and Welsh leaders said the arrangement was unfair, because it bypasses rules on how central government cash should be distributed.

Also read: Global oil prices inch up on hopes of oil glut abating as US refineries back online

“Any sense of fairness sacrificed on the altar of grubby DUP deal to let PM cling to power,” the SNP leader and Scottish first minister Nicola Sturgeon said on Twitter.

May called this month’s election hoping it would strengthen her hand in Brexit negotiations, but ended up having to rely on the DUP instead.

Over the next two years, Northern Ireland will get an extra £400 million for infrastructure, £150 million for ultrafast broadband, and £300 million for health and education.

And over the next five years, it will get extra an £50 million for mental health funding and £100 million to fund economically deprived areas.


Courtesy CNN

Admin
Admin
Previous Post

How Apple’s iPhone changed the world: 10 years in 10 charts

Next Post

OMG Digital, the “BuzzFeed of Africa,” raises a seed round of $1.1M

Next Post

OMG Digital, the “BuzzFeed of Africa,” raises a seed round of $1.1M

  • Trending
  • Comments
  • Latest
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

MCB structures $51m Tolaram loan to refinance Guinness Nigeria acquisition

MCB structures $51m Tolaram loan to refinance Guinness Nigeria acquisition

September 3, 2026

PalmPay launches ‘PalmPay Dey For You’ with new security features

September 3, 2026
Embraer, Brazilian aircraft maker targets Nigeria, Africa with E190 13-tonne cargo planes

Embraer, Brazilian aircraft maker targets Nigeria, Africa with E190 13-tonne cargo planes

September 3, 2026
SEC tightens settlement clock, sets 5pm T+1 deadline for market trades

SEC targets offshore forex platforms with N5bn capital, local ownership rules

September 3, 2026

Popular News

  • MMA2 enters new commercial era after 20-year concession dispute

    MMA2 enters new commercial era after 20-year concession dispute

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

MCB structures $51m Tolaram loan to refinance Guinness Nigeria acquisition

MCB structures $51m Tolaram loan to refinance Guinness Nigeria acquisition

September 3, 2026

PalmPay launches ‘PalmPay Dey For You’ with new security features

September 3, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M