The Brexit transition period ends on January 1st 2021 but it is believed that up to 40% of businesses in Northern Ireland are totally unprepared for this transition. As it stands goods being shipped from GB to Northern Ireland are going to be facing new checks and controls from January with very little clarity from …
New Financial Support Package Unveiled For Businesses
As news comes through of very positive trial results for the Oxford vaccine, there has been more good news for Northern Ireland businesses as a new financial support package has been unveiled by Stormont, which has pledged over £200 million in support of the business community. £95m Voucher Scheme For High Street Also households in …
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Calls From Businesses For A Brexit Transition Extension
The chief executive of Manufacturing Northern Ireland, Stephen Kelly, has told MP`s that most businesses in the region will not be ready for the mandatory border checks that look like coming into play on January 1st 2021, and has asked for an extension to the transition period. Northern Ireland Protocol Will Involve Border Checks As …
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Hopes Of Growth Next Year As Economy Shrinks By Over 10% In 2020
There are hopes that will the economy will grow back at a steady pace next year after a reduction of over 10% this year claim business advisers EY Ireland. Strong Labour Market & Large Public Sector Holding Up Economy They believe that the strong labour market here in Northern Ireland allied to a large public …
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The Northern Ireland Protocol To Add Further Bureaucracy For Businesses To Negotiate
It looks as if the new procedures post Brexit as regards to customs will lead to further levels of bureaucracy and more tax payments in order to keep within European Union Law. Dual VAT Regime To Come Into Force The new system is likely to require businesses in Northern Ireland to enter a complicated dual-VAT …
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Vaccine Offers Real Hope At Last
Well we think this is the news we have all been waiting for! A vaccine for Covid-19 has been developed by pharmaceutical companies Pfizer and BioNTech and is in fact one of 11 vaccines that are currently in the final stages of testing. This Vaccine Could Be A Game-Changer The reason why this looks like …
Latest Survey For Northern Ireland Shows The Economy In A State Of Stagnation
These are worrying times for the business community in Northern Ireland and this is borne out by a recent survey by the Ulster Bank which shows business output stagnating in the month of October with no real prospect of any growth on the horizon. With orders for businesses falling and employees getting laid off the …
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Large Numbers Of Northern Ireland Businesses Apply For Business Support
There has been a large number of applications by businesses in Northern Ireland for the latest support fund, which has been introduced for the many firms who have fallen through the cracks and are not eligible for any other support schemes. Over 1,200 Applications So Far There have been 1,220 applications for the Covid Restrictions …
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