11. What plans he has to make Northern Ireland an enterprise zone. (29920)

My hon. Friend the Exchequer Secretary is writing to the Northern Ireland Executive this week with a draft consultation paper on rebalancing the Northern Ireland economy. He and I will be meeting Executive Ministers in the new year to discuss the paper before publishing it for consultation.

Does my right hon. Friend agree that Northern Ireland’s high dependence on the public sector is simply untenable, and that it is more important than ever that private sector innovation be promoted in the Province, in order to rebalance the Northern Ireland economy?

My hon. Friend is absolutely right on this, and I am very pleased to see his continued interest in Northern Ireland matters. We have been saying for three years now that an economy that depends for 77.6% of its GDP on state spending is wholly unsustainable. It will need rebalancing. That will take time. To do nothing is irresponsible; to move too fast is irresponsible, and I estimate that it will take, probably, 25 years. This week, we will be sending a paper to the Executive for discussion, looking at ways of turning the whole of Northern Ireland into an enterprise zone.