DUP and Sinn Fein united on no 15% rates rise as part of fundraising pressures linked to £3.3 billion package

​London wants Belfast to raise funds and put its finances on a more sustainable footing in order to benefit from a £3.3 billion package to fund public sector pay and improve public services.

The UK government has previously proposed a 15% hike in rates for householders here – but yesterday the First Minister Michelle O’Neill ruled that out.

DUP Deputy First Minister Emma Little Pengelly said the DUP and Sinn Fein were united that now is not the right time for additional taxes.

The Lagan Valley MLA said: "We'll be making the case very strongly that hard-pressed families in Northern Ireland are under enough financial pressure at the moment, and therefore this is the wrong time for this sort of proposal," she said.

"Of course we will look at reform, look at sustainability in the long term.

"What we're saying to the UK government is help support us to stabilise the Northern Ireland Executive, the assembly and our public services here”.

The ministers were speaking during a visit to the Shankill Women’s Centre in Belfast.They earlier visited the Ashton Centre and described developing childcare support as a key priority for the new Executive.The Treasury has offered to write off almost £600 million of Stormont debt, conditional on the Executive raising £113 million – the equivalent of a 15% regional rate increase – and producing a plan to deliver sustainable finances.The stipulation is a key element of a £3.3 billion financial package drawn up by the Government to support the return of devolution in Northern Ireland.On Tuesday, Finance Minister Caoimhe Archibald said she has “serious concerns” over the details published by the Treasury and had asked for an urgent meeting.Ms O’Neill stated to media: “I am ruling out a 15% rates increase”.With finances set to be high on the agenda at a meeting of the Executive on Thursday, Ms O’Neill added that they hope “to be at the Treasury’s door” in the coming days, and said they always knew it would be a “battle a day”.Asked whether the Executive is being realistic over its finances, Ms O’Neill responded: “This isn’t about us having a begging bowl approach, or this isn’t about us failing to recognise that perhaps there are things that we can do differently, and there are efficiencies to be found – we’re up for all of that.“But I think on one hand for it to be recognised that we’re under funded, and on the other hand to say we need to burden households who are really struggling right now with further costs isn’t acceptable.“We’re going to have these Treasury discussions. This is going to continue into the days and weeks ahead.”Ms Little-Pengelly said they want Northern Ireland to be sustainable.“There will be difficult decisions to be made in the future in terms of reform, and we’re absolutely up for that reform that is needed to be done,” she said.“But the reality of it is this, we have huge numbers of families in Northern Ireland that are in that squeezed middle, we listen to them all the time in terms of unaffordable childcare pressures and inflation pressures which are really making life more difficult for them.“What is the narrative across the rest of the UK, it’s all about trying to protect household incomes, they’re even talking about tax reductions, and yet in Northern Ireland we’re being asked to increase the tax burden on these hard-working families.“That is something that we’re absolutely joint on in terms of making those representations to the UK government and to the Secretary of State that this is absolutely not the right time to be doing that.“We need to be supporting those families in relation to the pressure they’re under rather than adding to their pressures.”