The 2012 Budget has left local political representatives seething with rage after British Chancellor George Osbourne announced cuts across Northern Ireland. Irwin MLA commented, “Some aspects of this budget represent good news for Northern Ireland including the devolution of Air Passenger Duty and the announcement of a nation-wide reduction in corporation tax, something that will help bring us closer to the rate of the Republic which is our nearest economic rival.The film industry in Northern Ireland is growing and changes to the tax incentives in this sector should see this important growth area continue to expand.” He added, “The big headlines of course refer to the tax breaks for high rate tax payers which effectively cuts the tax paid by the top 2% of taxpayers which is a ridiculous…