Robinson And McGuinness Discuss Economic Challenges

The initial meeting allowed the First Minister and deputy First Minister to hear at first hand the assessment and proposals of the banks and other financial institutions to tackle rising costs and maintain economic growth as well as addressing the availability of mortgages to customers during the current credit crunch.

Mr Robinson said, "The Executive remains firmly committed to its top priority of growing a dynamic and innovative economy in Northern Ireland. While we have had some notable successes in relation to recent inward investment we are conscious in light of the prevailing economic conditions on our own doorsteps that we need to ensure we are fully aware of the issues and challenges facing us."

Mr McGuinness added that, "Rising prices and costs represent an enormous challenge to everyone. While undoubtedly some of these issues are determined by global factors we, as political leaders, need to exercise what power we have to minimise the impact to communities living in poverty and aim to increase economic growth."