It is heartening to see that the unemployment rate in Northern Ireland fell to a record low of 2% in the month of May, according to the latest statistics from Nisra. Allied to this average monthly pay has been rising, by 3.7% in June, up to £2,329 per month. Over the course of the last …
Private Sector Shows Strong Growth In June
The latest figures from the most recent survey by the Ulster Bank seem to show that the private sector performed very well indeed last month (June 2024). In fact the order books grew at the fastest rate for over two years, with business activity showing strong momentum which will hopefully run through into the next …
New Legislation On Debt Relief Orders
There has been new legislation introduced to the Debt Relief Order (DRO) scheme in Northern Ireland which it is hoped will provide more valuable support to individuals who are struggling with debt. These new measures have brought Northern Ireland more into line with how the system operates in England and Wales. A DRO is basically …
Farmers Steeling Themselves For A Tough Time Ahead
The latest figures published by the government suggests that farmers in Northern Ireland could be in for a very tough time with their farm business income expected to fall on average by an astonishing 46%. The fall in farmers income is being put down to the fall in the price of milk in addition to …
Half A Billion To Be Invested In NI Economy Over Next Few Years
Invest NI, in conjunction with company investments, are going to be ploughing over half a billion pounds into the Northern Irish economy over the next few years. This money will be going towards supporting companies in various ways, such as helping to develop new products, invest in energy and resource efficient technologies, improve skills, create …
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Will Zero Hours Contracts Be Phased Out In 2025?
There are moves afoot to phase out zero hours contracts, which have come in for some heavy criticism in many quarters, by late next year. Northern Ireland economy minister Conor Murphy has set out a consultation at Stormont and the aim, among other employment changes, is to ban zero hour contracts and replace them with …
Services Sector Performing Well As Economy Grows In First Quarter
The latest statistics suggest that the economy in Northern Ireland is growing, with the services sector at the forefront of this momentum. Data shows that the economy expanded by 1.4% overall in the first quarter of this year, compared to the first quarter last year (2023). The services sector, as we mentioned, performed particularly well, …
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Inflation Falls On Food Prices For 9th Month In A Row
The title of this blog may be a little bit deceiving if you don’t correctly read the small print. So inflation came down with regard to grocery prices in May for the 9th month in a row, with statisticians telling us that the inflation rate of 8.5% is the lowest rate since back in December …
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