The latest survey of businesses in Northern Ireland by the Ulster Bank has shown that record inflation has meant that demand is falling across all sectors of the economy, with retail taking a particularly large hit. But one right spot appears to be that unemployment is staying very low, with companies still looking to recruit …
Northern Ireland Businesses Show Reasons To Be Cheerful
In yesterdays blog we looked at the crisis in consumer confidence which is pervading our shores here in Northern Ireland, but today we are looking on the bright side and checking out the latest news that businesses here are performing rather better overall than businesses in the rest of the UK. Businesses Showing A Great …
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Consumer Confidence Very Low In 2nd Quarter
This probably won’t be much of a surprise unless you have spent the last few months with your head in the sand, but recent figures show that consumer confidence dropped further in Northern Ireland as high prices for food and goods, along with high fuel and energy bills, really hit home. The whole of the …
Businesses Advised To Exercise Caution As They Negotiate The Difficult Economic Climate
With the double whammy of soaring inflation and reduced demand for goods and services as the general public struggle with the cost of living, a leading banking consultant has urged businesses to tread carefully over the next few months and to review their expenditure so that they can make cuts wherever they can. Navigating An …
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Survey Shows Nearly Half Of Homes Are Worried About Paying Their Mortgage Or Rent
According to the latest rebuilding Britain index of 20,000 people here in the UK by Legal & General, almost half of them are becoming increasingly concerned that they will not be able to keep up with their mortgage or rental payments as the year progresses. And the least confident people of being able to pay …
Survey Shows Nearly Half Of Homes Are Worried About Paying Their Mortgage Or RentRead More
CBI Director Applauds Our Flourishing Cyber Security Sector
CBI Director in Northern Ireland Angela McGowan has lauded the cyber security sector, believing that many NI firms are leading the way with regards to cyber resilience. Writing in an article in the Irish News she writes that the CBI will continue to provide valuable support to all their cyber members. Northern Ireland Continues To …
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Sad Loss To The Business Community As Wrightbus Founder Sir William Wright Dies
Wrightbus founder Sir William Wright has died at the age of 94. He was a giant in the business community in Ballymena and he was knighted for his contribution to industry in 2018, having previously been awarded a CBE in 2011 for his services to the bus industry. He was also a Unionist politician of …
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Overdue Invoices A Concern For Many Businesses In Northern Ireland
Latest research from insolvency and restructuring company R3 has shown that the amount of overdue invoices across the country has risen for the 3rd month in a row. Anybody who runs a business will realise that this of great concern as late payments can play havoc with your cash flow situation and cause real problems. …
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