Reports are coming out that up to 10,000 businesses in Northern Ireland are now showing signs of financial distress as the lockdown restrictions continues to hit sales and profits. This is a 40% increase on the previous 12 months and shows that many businesses are hanging on by their fingertips right now. Cornavirus Variants Creating …
Up To 10,000 Businesses Showing Signs They Are Financially StrugglingRead More
It looks eminently likely that Chancellor Rishi Sunak will aim to claw back some of the money spent by the treasury on keeping businesses and the economy afloat, by raising corporation tax in the March budget, a move that will not go down well in business circles. Sunak Looking To Balance The Books Around £400 …
With infection rates of Covid-19 staying worryingly high in Northern Ireland, word comes through from government sources that the hospitality industry is unlikely to open up until well into April. This means that pubs, cafes and restaurants are likely to be closed during the Easter break at great financial cost to all the businesses involved. …
Hospitality Industry Facing Another 3 Months LockdownRead More
Calls have been made for both an extension to the Job Retention Scheme and the removal of the business rate relief cliff edge by allocating additional funds to the Executive, in an article by Adrian Doran, the Chair of CBI Northern Ireland. Writing in the Belfast Newsletter he also says that although we can all …
Chair Of CBI Northern Ireland Calls For Extension Of Job Retention SchemeRead More
Reports show that business activity has declined more steeply than anywhere else in the UK last month with the services sector an area that has been particularly badly hit, with bars, hotels and restaurants having a torrid time. Increased Input Costs & Raw Material Prices One small sliver of hope though is that the rate …
Services Sector Badly Hit As Business Activity DeclinesRead More
The Chancellor of the Exchequer Rishi Sunak has announced that Northern Ireland will receive a total of £127 million in a bid to keep businesses in the retail, hospitality and leisure sectors afloat, as all parts of the UK settle into some form of lockdown for the next few weeks at least. Business Relief Packages …
Northern Ireland Executive To Receive £127m In Support Of BusinessesRead More
In a New Year address the President of Northern Ireland Chamber of Commerce & Industry, Ian Henry, has urged businesses to stay focused on meeting the formidable challenges ahead, which include dealing with the changes brought upon by Brexit and the ongoing trading restrictions due to the Covid-19 pandemic. He believes that businesses will have …
NI Chamber President Urges Businesses To Face Changes Head On & Remain FlexibleRead More
Here we are between Christmas and New Year and we are now into the 6 week lockdown period that has been introduced in Northern Ireland. For many businesses the days just after Christmas are one of their most profitable times of the year as they launch sales and people go out to the high street …
6 Week Lockdown Brings More Challenges To BusinessesRead More
