I again place on record my gratitude to the business community in Northern Ireland for its public support for the political talks. I do not propose to elaborate on that matter. I have told local parties that the Chancellor wants to discuss with them the format of his proposals. There is presently no coherent structure because he has not yet completed that stage of engagement . My right hon.
Friend has views about what can be delivered within more broad United Kingdom policies.
It will be a one-off initiative and, according to current assessments, it will be in addition to other benefits that may flow to the Northern Ireland economy. However, that is a matter for the Chancellor, not for me. I shall talk to the local parties and explain that the Chancellor has the freedom to do what he believes is right and appropriate but must take account of the impact of his actions, not just on regional economies in the United Kingdom but within the EU framework. However, there may be benefits for the Northern Ireland economy. Restructuring of the security profile may allow a reduction in the Royal Ulster Constabulary and in the number of prisoners.