Here is some alarming news for all shoppers in Northern Ireland as prices have hit their highest peak for the last 18 years, according to the latest Shop Price Index from the British Retail Consortium (BRC) and NielsenIQ. Prices are in fact 8% higher on average than they were this time last year. And Consumers …
Debt Recovery Process Heaps More Pressure On Businesses Facing Cash Crisis
During the pandemic many businesses across Northern Ireland took out loans or deferred payments they owed so that they could survive. Lately the Government and HMRC have been chasing down some of these debts, such as bounce back loans, leaving some of these companies on the brink of administration. Huge Increase In Number Of Businesses …
Debt Recovery Process Heaps More Pressure On Businesses Facing Cash CrisisRead More
Revaluations See Many Hotels And Pubs Reduced In Value
A draft revaluation by Land And Property Services of hotels and public houses in Northern Ireland has significantly reduced in value many of the properties. This process is known as Reval2023 and this creates a new non-domestic valuation list which will be used in the calculation of business rate bills from April 2023. Business Rates …
Revaluations See Many Hotels And Pubs Reduced In ValueRead More
Cash Is Still King In Northern Ireland
The use of cash to pay for shopping and services has been reducing year on year as more and more people make card payments at tills or use their mobile phone or watch to make a payment. But paying by cash is still a very strong part of the culture here in Northern Ireland where …
Private Sector In Northern Ireland Shrinks As New Orders Slow
New orders for private sector firms in Northern Ireland took a tumble at the end of last year. Subsequently output fell, but there is maybe a chink of light at the end of a very long tunnel as inflationary pressures are showing signs of easing. This news is according to the Ulster Bank purchasing managers’ …
Private Sector In Northern Ireland Shrinks As New Orders SlowRead More
Cuts To Financial Support For Energy Bills Could Hit Businesses Hard
On Monday the Chancellor of the Exchequor Jeremy Hunt announced that there would be a cut to the financial support that is currently being offered to non-domestic energy customers. This will probably mean a very sharp rise in energy bills for a whole range of companies in Northern Ireland, as the new scheme being offered, …
Cuts To Financial Support For Energy Bills Could Hit Businesses HardRead More
Civil Service Pay Offer Branded Derisory And Insulting By Union Boss
As inflation rose to a figure of 10.7% in the UK, according to the latest data for the month of November, NI civil service staff have been offered a pay rise of just £522, apart from the lowest paid workers, which is the equivalent of a 1.9% pay rise to a typical member of staff. …
Civil Service Pay Offer Branded Derisory And Insulting By Union BossRead More
Will A Busy Christmas Be Enough For Hospitality Businesses To Keep The Wolf From The Door?
Thankfully for many hospitality businesses in Northern Ireland the Christmas period was a very busy time for them and the tills kept on ringing as people enjoyed some festive cheer after a couple of miserable Covid-stricken years. Spending on hospitality was back to pre-pandemic levels by all accounts which must have been a huge relief …
Will A Busy Christmas Be Enough For Hospitality Businesses To Keep The Wolf From The Door?Read More