Citi Looks Past Northern Ireland Paralysis as Biden Touts Investment

Belfast Harbour also says stasis isn’t restraining investment
Region has lacked power-sharing government for 15 months

WATCH: It’s been a year since elections to Northern Ireland’s Assembly - but there’s still no government in place .Business leaders are optimistic about promises of new investment from Joe Biden and Rishi Sunak, but as Stephen Carroll reports, not everyone there feels the sameSource: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Stephen Carroll and Ellen Milligan

May 5, 2023 at 4:00 AM UTC

This article is for subscribers only.

Businesses in Northern Ireland said they’re pushing ahead with investments, despite a stalemate that’s paralyzed the region’s political institutions for the past 15 months.

Sentiment has been boosted by US President Joe Biden’s pledge in Belfast last month that “scores of major American corporations” want to plow money into Northern Ireland. But his appeal for the restoration of the region’s power-sharing government went unheeded as the Democratic Unionist Party, which has blocked formation of the executive since February 2022, stuck to its demands for further changes to the UK’s Brexit deal with the European Union before it will co-operate.