Northern Ireland party leaders fail to agree on how to allocate £300m to help with cost of living

A virtual meeting of Stormont party leaders has failed to agree on how to allocate £300million to families struggling with the cost-of-living crisis.

The leaders met for 90 minutes on Friday with Attorney General Brenda King and Department of Finance officials in attendance for the first part of the meeting.

Leaders were briefed on the legal authority for the parties to allocate the money in the absence of a functioning Executive.

It was the second meeting of party leaders on the issue of rising energy costs in two days.

On Thursday, DUP leader Sir Jeffrey Donaldson suggested household rates bills could be cut to help households amid the cost-of-living crisis.

His party has come under pressure to nominate a first minister to allow a Stormont Budget to be passed and also to release the additional £300m.

Sir Jeffrey has disputed this assessment and insisted there are options to help families at this time.

But Sinn Fein Finance Minister Conor Murphy has said he has received legal advice that the money cannot be released without Executive approval.