The private sector in Northern Ireland contracted further in September, the fifth consecutive month that it has reduced its activity. The blame is being put squarely at the door of falling new orders, more cost increases and worsening economic conditions. Contraction Very Much To The Fore In September In a statement about the worrying trend …
Shoppers Showing Caution As Footfall Decreases In N Ireland
It is unsurprising that shoppers are showing caution in their buying patterns as the cost of living crisis turns up another level as we head towards the winter months. The latest data shows that on the high streets of Northern Ireland footfall fell in September on three year comparisons. This data has been drawn from …
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Trade Body Leader Calls For Action On Business Energy Prices
A trade body leader has said the lack of clarity with regards to subsidies on businesses energy bills is totally unacceptable. The government has introduced a price cap for households, but not as yet for businesses, and this is causing a great deal of anxiety in the business community. Uncertainty is one of the worst …
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Kwasi Kwarteng U-Turn On Scrapping Of Top Rate Of Tax
The Chancellor has had to perform a humiliating U-turn on his proposals to scrap the 45p top rate of income tax after it created widespread panic in the mortgage and pension sector, as well as huge criticism from both opposition parties and his own Conservative Party. The scrapping of the top rate of tax had …
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Chancellor Under Pressure After Mini Budget Causes Chaos To Mortgage Market
Kwasi Kwarteng, the Chancellor of the Exchequer who has only just got his feet under the table a week or so ago, faces a barrage of criticism after his mini budget has forced a host of mortgage lenders to withdraw their products. Interest Rates To Be Ramped Up In A Bid To Curb Inflation Many …
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Ambition To Grow Support Programme Is Launched
Invest NI have developed a new support programme, ‘Ambition To Grow’, to support the growth of local SME businesses across Northern Ireland. It is particularly focusing on SME’s who are looking to export their products and create new jobs in the country. New Support For Local Businesses This new innovative support programme was launched today …
The British Business Bank Start Up Loans Scheme Is To Be Expanded
In welcome news the British Business Bank Start Up Loans programme is being expanded which should help more new entrepreneurs in Northern Ireland. Previously the start up scheme was for businesses that had been trading for 2 years or less, but the financial support is now being extended to businesses that have been trading for …
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Scrapping Of Planned Increase In Corporation Tax Welcomed By NI Businesses
The planned hike in corporation tax to be paid by companies was scrapped by the new Chancellor Kwasi Kwarteng on Friday during the emergency mini budget announcement. The rate will remain at 19% and this announcement was welcomed by many business groups in Northern Ireland. Welcome Interventions At A Critical Time In the Belfast Newsletter, …
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