It’s a pleasure to see that business confidence is really beginning to soar here in Northern Ireland, with all the key business indicators turning very positive indeed. In the latest quarterly economic survey (QES) report, produced by economist Maureen O’Reilly for the NI Chamber of Commerce and BDO NI, the figures showed a healthy momentum …
Top Companies In Northern Ireland Show Encouraging Results
A report by Ulster Business has revealed that the top companies here in Northern Ireland have shown a striking rise in sales over the past 12 months. The Ulster Business Top 100 Northern Ireland Companies 2023 have had a rise in sales of 16.6% during the past year, with a sales turnover of £30.7 billion …
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Another Day, Another Interest Rate Rise
It does feel rather like Groundhog Day as we sit here digesting the news that there has been yet another interest rate rise announced today by the Bank of England, this time the rate has been increased by 0.25%, meaning that the base rate is now at a 15 year high of 5.25%. Hitting Households …
Alcohol Duty Revamp Goes Down Badly With Hospitality Industry
The changes to the alcohol duty which come into force today have not gone down too well with the hospitality industry in Northern Ireland, saying that the increases on certain drinks will heap more economic pressure on clubs and bars. And that these increases will have to be passed on to the consumer with the …
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Remote Working On The Wane In Northern Ireland
There are less people working remotely from home in Northern Ireland than any other part of the UK, according to the latest analysis from economists at Ulster University. The rate of working remotely across the UK for employees averages around 31%, but here in N Ireland there are now only 17% of employees working at …
Less Job Vacancies But Optimism In Labour Market Remains
A quarterly survey by hiring platform NIJobs has revealed that the labour market has slightly softened over the last few months, but even so optimism remains high among job seekers and it is revealed that 1 in 3 people are looking for new jobs. Main Reason For Wanting To Change Job Is For A Higher …
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Recent Report Shows Worrying Levels Of Financial Distress In Family Households
A recent report has uncovered some disturbing statistics which show that many family homes in Northern Ireland are showing serious signs of financial distress, which could lead to major problems over the school holidays as parents struggle to feed and clothe their children. Combination Of Factors Creating A Perfect Storm The reasons for this financial …
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CBI Calls For Business Tax Reform To Help Turbocharge Green Investment & Boost Competitiveness
The CBI have launched their case to reform the business tax system, entitled their Business Tax Roadmap. They believe that the tax system as it stands is not helping firms and is making them less competitive than their rivals overseas. They also believe that there is a real opportunity to turbocharge green investment in Northern …