David Cameron has left political talks in Northern Ireland conceding that no deal is possible at the moment.
The Prime Minister said he had tabled a financial package amounting to £1 billion but that would only be made available to the Executive if an agreement can be reached on outstanding disputes.
Many of the region's politicians are unhappy at the scale of the financial offer made, with some describing it as "derisory".
David Cameron and Taoiseach Enda Kenny have left talks in Belfast aimed at agreeing a financial settlement for the future funding of the power-sharing Executive.
The pair spent last night discussing a range of issues that have caused the Executive to fail to reach an agreement over proposed funding cuts as part of the government's welfare reforms. Items discussed included flags, parades, how Northern Ireland should deal with the past and the reform of the Assembly.
Unionist and Republican politicians in Northern Ireland refused to sign up to Cameron's package of reforms.
ITV News Correspondent Martin Geissler reports from Belfast:
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