In challenging economic times, the Chancellor needed to announce a confident, stable Budget; one based on sound, practical, economic decisions, rather than vote-winning, short-term, political solutions. So, has he delivered on this? The Budget certainly had a more positive tone than we expected with a strong emphasis on supporting the...
In challenging economic times, the Chancellor needed to announce a confident, stable Budget; one based on sound, practical, economic decisions, rather than vote-winning, short-term, political solutions. So, has he delivered on this? The Budget certainly had a more positive tone than we expected with a strong emphasis on supporting the...
The Northern Ireland Executive gets £54million, while the Budget offers a gaggle of measures to help business, householders and the low paid, according to advisors, PwC. PwC says that, while the measures are generally welcome, the impact of the recent downturn, as illustrated by today’s 15-year unemployment high, will be...
Northern Ireland benefits to the tune of £54million from today’s Budget, according to advisors, PwC. On the day the region’s claimant count unemployment hit a 15 year high, the Chancellor gave with one hand and then took away with the other. The region gets £94million as part of the infrastructure...
Northern Ireland’s claimant count unemployment, has hit a 15 year high. Currently 64,900 people are unemployed, an increase of 3,600 (5.9%) on the year and Northern Ireland has now the highest claimant count unemployment of all the 12 UK regions. Commenting on today’s unemployment data, PwC chief economist Dr Esmond...
The performance of Northern Ireland’s private sector will determine the time and pace of recovery in 2013, according to the latest economic forecast from advisors, PwC. PwC’s latest Northern Ireland Economic Outlook published today [12 December 2012] says that, while the local manufacturing and food processing sectors are slowly increasing...
Stephen Cave and Paul Rooney, from PwC’s Business Recovery Services department in Belfast, have been appointed as Joint Administrators to a number of companies within the Dunloy-based, Joseph Hughes Group (“the Group”) The appointment was made on Monday 3rd December at the request of the directors. Companies included in the...
More than one-in-five young people in Northern Ireland are now unemployed, according to the latest official statistics. Over 21% of 18 - 24 year olds are currently jobless, an increase of 3% over the past year. The latest unemployment statistics show that local unemployment has risen to 6.9% with 63,400,...
Despite relatively poor output figures, total UK employment jumped by 236,000 in the three months to July, according to today’s labour market data. At the same time UK claimant count unemployment fell by 15,000 in August - the biggest fall since June 2010 However, the Northern Ireland labour market failed...
UK economic performance was better than previously thought, according to data published today. Data from the Office for National Statistics (ONS) says that the economy shrank by 0.5% in the three months to June 2012 and not by a decline of 0.7%, as previously thought. Commenting on the revision, Dr...
