• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Call us today!  028 3752 2909 or 028 8778 9500

  • Facebook
  • LinkedIn
  • Twitter

WHR Accountants

  • HOME
  • ABOUT
  • OUR TEAM
  • SPECIALIST SERVICES
    • Audit & Assurance
    • Accountancy
    • Book Keeping
    • Computerisation
    • Payroll Services
    • Business Development & Start-up
    • Tax
    • VAT
    • Business Information Systems Support
  • BECOME A CLIENT
  • BLOG
  • VACANCIES
  • CONTACT
  • SEARCH

Mobile Menu

  • HOME
  • ABOUT
  • OUR TEAM
  • SPECIALIST SERVICES
    • Audit & Assurance
    • Accountancy
    • Book Keeping
    • Computerisation
    • Payroll Services
    • Business Development & Start-up
    • Tax
    • VAT
    • Business Information Systems Support
  • BECOME A CLIENT
  • BLOG
  • VACANCIES
  • CONTACT
  • SEARCH
  • Facebook
  • LinkedIn
  • Twitter
Home » Blog » Public Services Likely To Be Squeezed Despite £3.3 Billion Financial Package

Public Services Likely To Be Squeezed Despite £3.3 Billion Financial Package

March 3, 2024 By //  by Des Ingham Leave a Comment

You would have thought the small matter of £3.3 billion would go a long way to sorting out the public service finances here in Northern Ireland, but the latest noises coming from the people who take care of these finances are pretty downbeat about the prospects for the upcoming year.

Stormont will not have an agreed budget in place until the end of April, which means that there will be a ‘vote on account’ arrangement in the meantime. This will give legal authority for councils to carry on spending until the budget is in place, with strong limits naturally in place.

The Financial Position For Health Has Never Been So Tough

But after that, even with the financial package available, there will be little room for manoeuvre as far as public spending budgets are concerned. Here is what the finance director at the Department of Health, Brigitte Worth, said on this matter, as copied from an article on the BBC News website by John Campbell:

“It is fair to say the financial position for health has never been so tough,” Brigitte Worth said.

She outlined a looming funding gap of up £1bn for the new financial year.

Part of this is down to inflation; she said the service needs an extra £400m a year just to stand still.

“We’re unlikely to receive all we need to maintain services at existing levels, recognising that these existing levels are frequently inadequate,” she told the health committee.

There Is No Magic Reform Fairy Who Can Save Us Billions

And in the same article Health Minister Robin Swann is quoted as saying that:

“We need to push back against any notion that there is a magic reform fairy who can wave a wand, save us billions, transform services overnight and turn grey skies blue,” he told an audience of GPs.

“Reforming, reconfiguring, transforming healthcare is a slog, it’s a grind. To misquote Logan Roy in Succession, it’s a wrestle in the mud for a knife,” he added.

All of which paints quite a gloomy picture for anyone who has to rely on public services on a daily basis. Of course Northern Ireland are not the only region of the United Kingdom that is facing even more cutbacks in the upcoming months, but that doesn’t make the situation any easier to bear. Public services, already cut to the bone in some cases, may have to find a sharper knife to cut even deeper.

Category: General

Looking for immediate answers to your questions?

Schedule a no-cost consultation today!

This is a very useful Call To Action in the “After Entry” widget area. You can put whatever you’d like in it, and change the background color to whatever you’d like.

You May Also Be Interested In:

Vast Majority Of NI Businesses Trading Well According To Latest Survey

Will The Capital Gains Tax Changes Adversely Affect Your Business?

Why Filing Your HMRC Self Assessment Early Makes Perfect Sense

Top Businesses See Profits Mount In Last 12 Months

Beyond The Basics: How A Good Accountant Can Save You Money On Your Taxes

The Biggest Mistakes People Make With Their Taxes

Higher Unemployment Rate A Concern

Why Farmers Need An Accountant More Than Ever To Help Them With Their Business

NI Businesses Named For Failing To Pay The Minimum Wage

Previous Post: « NI Business Deals Slowed Last Year
Next Post: Business Activity Accelerates In Private Sector »

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

WE PROMISE YOU:

If you are finding the current economic situation tough, then rest assured, we understand the pressures you face as a business owner or manager. You don’t have to face the future alone. When you choose WHR, you have an ally, a partner, a friend, in both the good times and the tough times.

028 3752 2909
028 8778 9500

RECENT POSTS

Job Retention Scheme – Update

Dear Payroll Client We are trying to continue to run our …

Vast Majority Of NI Businesses Trading Well According To Latest Survey

The latest NI Chamber and BDO NI Quarterly Economic survey …

Will The Capital Gains Tax Changes Adversely Affect Your Business?

The tax landscape is constantly shifting, and recent changes to …

Why Filing Your HMRC Self Assessment Early Makes Perfect Sense

For many self-employed individuals and small business owners in …

Top Businesses See Profits Mount In Last 12 Months

The top companies in Northern Ireland have seen their profits …

Beyond The Basics: How A Good Accountant Can Save You Money On Your Taxes

Many people view paying an accountant as a necessary but …

Footer

Director

James Robinson

Head Office

WHR Chartered Certified Accountants
028 3752 2909 or 028 8778 9500

56 English Street,
Armagh
BT61 7LG

Contact Us

Contact our office today. Our team are ready to help you. There is no better time than now.
Click Here →

Follow Us

Keep up to date with our social media

  • Facebook
  • LinkedIn
  • Twitter
  • Blog
  • Specialist Services
  • Privacy Policy

Website created by ZebWeb