UK Government's Final £3.3bn Offer to Restore Northern Ireland's Devolved Government Rejected by DUP
Despite the increased financial package, including a £559 million debt write-off, the Democratic Unionist Party continues to negotiate, delaying the restoration of power-sharing at Stormont.
- The UK government has increased its financial offer to Northern Ireland from £2.5 billion to £3.3 billion in an attempt to restore the devolved government at Stormont, which has been inactive for almost two years.
- The Democratic Unionist Party (DUP) is still refusing to accept the offer, despite it being declared as the final one by Northern Ireland Secretary Chris Heaton-Harris.
- The financial package includes a commitment from the UK Treasury to write off £559 million in existing overspends from the past two years of governance without direction.
- The DUP's acceptance of the offer is conditional on the party ending its blockade of power-sharing and crafting its own balanced budget plans with Sinn Féin, the major party on the Irish nationalist side.
- DUP leader Jeffrey Donaldson insists that his party is still in negotiation mode, despite other parties accepting that the UK has made its final offer.