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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Profit Margins Getting The Squeeze In Hospitality Sector
It is certainly good news that the inflation rate was down to 2% last month (it was 2.3% in April), however this does not mean that everything in the garden is rosy as prices are still rising, just not quite as quickly as before. And there are other cost pressures that are weighing heavily on …
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Enterprise NI Believes Entrepreneurial Surge For Loans Is Good News For Economy
According to Enterprise NI there has been a record number of borrowers receiving support from them during the course of the last 12 months. This surge for funds from the entrepreneurial-minded, says the company, can only be good news for the business sector and the economy. Here are some of the figures from Enterprise NI, …
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Job Applicants And Workers Less Likely To Use AI Tools In Northern Ireland
A recent study by Hays, the recruitment specialist, has found that job seekers applying for work are less likely to use AI (artificial intelligence) tools to help them with the application process than other parts of the UK. And the same is true for workers, who on the whole do not use AI tools as …
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