In today’s blog we thought we would look back in time at the origins of accountancy. From ancient Mesopotamia to the bustling financial districts of the modern world, the evolution of accountancy reflects humanity’s quest for order, transparency, and financial accountability. The Genesis: Ancient Beginnings The roots of accountancy can be traced back to the …
How The £3.3bn Financial Package For Northern Ireland Will Be Allocated
It has taken some time but it is a great relief to see that the Executive at Stormont is fully functioning once more. The paralysis that the country was under due to the Executive not sitting was stifling any momentum that could have built up after the Covid-19 pandemic. Now there is a genuine sense …
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Business Activity Accelerates In Private Sector
The latest figures from the Ulster Bank purchasing manager’s index has revealed that business activity grew last month (February 2024), with the manufacturing and services sectors showing a particular uplift in new orders. However the construction and retail sectors did not fare so well as they showed a small decrease in activity. Looking further into …
Public Services Likely To Be Squeezed Despite £3.3 Billion Financial Package
You would have thought the small matter of £3.3 billion would go a long way to sorting out the public service finances here in Northern Ireland, but the latest noises coming from the people who take care of these finances are pretty downbeat about the prospects for the upcoming year. Stormont will not have an …
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NI Business Deals Slowed Last Year
The value of business deals in Northern Ireland plummeted in 2023, down by nearly a half on the previous year. The most transactions took place in the manufacturing sector, but even in this sector there was a drop off in deals from the previous year. Only 236 Transactions Recorded During 2023 Here is some data …
Changing Work Patterns Forcing Civil Service To Sell Off Buildings
It is a sign of the times that the civil service in Northern Ireland is looking to sell off a significant proportion of its estate over the next 4 years. This is due to the change in work patterns where a lot of civil servants are now working from home. The move to working from …
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NI Economy Minister To Take Advantage Of Dual Market Access Benefits
The unique ability Northern Ireland has to trade freely with both Great Britain and Europe must be taken advantage of says NI economy minister Conor Murphy. He believes that the renegotiated Windsor Framework can help increase productivity right across the country. Productivity Is A Fundamental Driver Of Overall Living Standards The minister is quoted in …
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Many Hospitality Businesses In Danger Of Running Out Of Cash
A joint survey by the British Beer and Pub Association, British Institute of Inn keeping, Hospitality Ulster and UK Hospitality has revealed disturbing figures for the hospitality sector across the whole of the UK. It has found that 25% of hospitality businesses have literally no cash reserves left, with a further 29% with just 3 …
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