I am grateful for the opportunity to update the House on my progress towards restoring the Northern Ireland Executive and the other institutions established under the Belfast agreement.
In recent weeks, I have met the Northern Ireland parties and the Irish Government on a number of occasions. In those discussions, all five main parties reaffirmed their commitment to restoring a power-sharing Executive and the other political institutions set out in the Belfast agreement.
Although we have not yet been able to start a formal talks process, I believe that the five main parties and the Irish Government would be in favour of taking forward a short, focused set of roundtable talks to restore devolution at the earliest opportunity. Any such talks process will involve the UK Government, the five main parties and the Irish Government taking place in full accordance with the well-established three-stranded approach.
As you know, Mr Speaker, the period for Executive formation was extended by the Northern Ireland (Executive Formation and Exercise of Functions) Act 2018, which lasts until 26 March this year. I am incredibly reluctant to extend that period. The people of Northern Ireland deserve strong political leadership from a locally elected, accountable devolved Government and I am absolutely focused on achieving that outcome. But as we stand here today, there are only three options before the legislation expires next week. The first is an Assembly election, which is a costly exercise that would be highly unlikely to change the political dynamics. The second is an alternative approach to decision making in Northern Ireland, such as direct rule, which I do not believe is in the interests of the people of Northern Ireland—certainly they tell me that it is not what they want.
The third option is to extend the Act. This gives the political parties more space to come back together in the best interests of the people of Northern Ireland. It also provides the Northern Ireland civil service with the certainty and clarity that they need to continue to deliver public services in the absence of Ministers.