The latest figures from the Ulster Bank purchasing manager’s index has revealed that business activity grew last month (February 2024), with the manufacturing and services sectors showing a particular uplift in new orders. However the construction and retail sectors did not fare so well as they showed a small decrease in activity. Looking further into …
Public Services Likely To Be Squeezed Despite £3.3 Billion Financial Package
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 …
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NI Business Deals Slowed Last Year
The value of business deals in Northern Ireland plummeted in 2023, down by nearly a half on the previous year. The most transactions took place in the manufacturing sector, but even in this sector there was a drop off in deals from the previous year. Only 236 Transactions Recorded During 2023 Here is some data …
Changing Work Patterns Forcing Civil Service To Sell Off Buildings
It is a sign of the times that the civil service in Northern Ireland is looking to sell off a significant proportion of its estate over the next 4 years. This is due to the change in work patterns where a lot of civil servants are now working from home. The move to working from …
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NI Economy Minister To Take Advantage Of Dual Market Access Benefits
The unique ability Northern Ireland has to trade freely with both Great Britain and Europe must be taken advantage of says NI economy minister Conor Murphy. He believes that the renegotiated Windsor Framework can help increase productivity right across the country. Productivity Is A Fundamental Driver Of Overall Living Standards The minister is quoted in …
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Many Hospitality Businesses In Danger Of Running Out Of Cash
A joint survey by the British Beer and Pub Association, British Institute of Inn keeping, Hospitality Ulster and UK Hospitality has revealed disturbing figures for the hospitality sector across the whole of the UK. It has found that 25% of hospitality businesses have literally no cash reserves left, with a further 29% with just 3 …
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New Report Shows NI Had A Healthy Rate Of New Start Up Businesses In 2023
New figures contained in Ulster Bank and Beauhurst’s Start-up Index have revealed that Northern Ireland did pretty well last year when it comes to new business start ups. In fact they were the fastest-growing region in the UK for newly-registered companies in 2023, which is very heartening news. Around 14,000 new businesses were registered last …
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The Crucial Role Of An Accountant In Managing Your Tax Affairs
As tax laws evolve and become more intricate, the importance of seeking professional assistance from accountants has never been more apparent. Here are compelling reasons why enlisting the services of an accountant is crucial for managing your tax affairs effectively. Enlisting The Services Of An Accountant Is A Wise Investment In conclusion, enlisting the services …
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