JBC Public Spending Forum 28 Oct 2010

Sir Nick McPherson, Permanent Secretary, HM Treasury was the keynote speaker at the IBEC-CBI Joint Business Council Public Expenditure Forum which took place on Thursday 28 October 2010 in Dublin Castle.

The Treasury head spoke in the immediate aftermath of publication of the UK Comprehensive Spending review on 20 October. The review will set in train a process of fiscal retrenchment that will have a major impact on the devolved governments including Northern Ireland. With Ireland’s economy very closely linked to Britain's, we will also be impacted by a process that will curtail overall levels of economic activity.

Presentations and discussions focused on business priorities, including infrastructure development and delivery. Related to this, the issue of funding models and opportunities for private sector participation was considered, with particular reference to the evolution of PPP/PFI and instruments such as bond finance in Ireland, Northern Ireland and in Britain.

Other speakers at the forum included: Esmond Birnie, Chief Economist, PwC NI, Jonathan Stone, Director Scotia Capital and Brian Murphy, CEO National Development Finance Agency, Mark Mead, Serco UK and Michelle Connolly, KPMG

The Forum was followed by a reception with guest speakers, Tony Killeen TD, Minister for Defence and Hugo Swire MP, Deputy Secretary of State for Northern Ireland.

Pictured at the JBC Plenary on 28 Oct 2010 were Reg McCabe, JBC; Anne Barrington, North South Ministerial Council and Hugo Swire, MP, Deputy Secretary of State for Northern Ireland.

The event programme is available for download here:

JBC event programme

Presentations are available for download here:

Fergal O'Brien, IBEC Chief Economist

Fergal OBrien presentation

Jonathan Stone, Scotia Capital

Jonathan Stone presentation

Brian Murphy, National Development Finance Agency

Brian Murphy presentation

A copy of the press release is available for download here:

Press release JBC 28 Oct 2010

 

 

 

IBEC
Special EU Programmes Body
EU
CBI