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18/01/2012
UK Govt. Criticised Over Public-Sector Job Cuts
Northern Ireland will be the UK region hardest hit by public sector job cuts.
The Irish Congress of Trade Unions has said that 26,000 public sector jobs would go in NI by 2017.
It said the executive must take firm action to defend the NI economy from the coalition government's plans.
ICTU general secretary Brendan Barber said: "The government needs to devote much more time and energy towards solving our growing jobs crisis. Instead it's making the problem worse, cutting jobs in the public sector and failing to secure growth to protect private sector employees."
Meanwhile Vernon Coaker, Shadow Northern Ireland Secretary said he is very concerned by the report’s findings.
He said: "The Government’s spending cuts and tax rises go too far and too fast. The impact of their disastrous economic policies – which handed Northern Ireland a cut of £4bn to its budget - has choked off the economic recovery and put more people out of work, meaning the Government is set to borrow £158 billion more than planned.
Previously Britain’s Prime Minister David Cameron said he wanted to focus on promoting the private sector and noted that he believed Northern Ireland received too much state funding.
(LB/GK)
The Irish Congress of Trade Unions has said that 26,000 public sector jobs would go in NI by 2017.
It said the executive must take firm action to defend the NI economy from the coalition government's plans.
ICTU general secretary Brendan Barber said: "The government needs to devote much more time and energy towards solving our growing jobs crisis. Instead it's making the problem worse, cutting jobs in the public sector and failing to secure growth to protect private sector employees."
Meanwhile Vernon Coaker, Shadow Northern Ireland Secretary said he is very concerned by the report’s findings.
He said: "The Government’s spending cuts and tax rises go too far and too fast. The impact of their disastrous economic policies – which handed Northern Ireland a cut of £4bn to its budget - has choked off the economic recovery and put more people out of work, meaning the Government is set to borrow £158 billion more than planned.
Previously Britain’s Prime Minister David Cameron said he wanted to focus on promoting the private sector and noted that he believed Northern Ireland received too much state funding.
(LB/GK)
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Stimulating enterprise and trade must be a priority going beyond public sector cuts says banking economists. According to the Northern Bank's Chief Economist Angela McGowan, (pictured) decision-makers need to bring forward measures for growing the private sector alongside anticapated proposals to slim the public sector.
27 June 2013
NIPSA Slam Chancellor's Budget Cuts
Public sector trade union, NIPSA, has criticised Chancellor George Osborne following Wednesday afternoon's Spending Review. Yesterday, Mr Osborne revealed Northern Ireland's budget for the year 2015/16 is to be cut by 2% to £9.6bn.
NIPSA Slam Chancellor's Budget Cuts
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16 December 2005
NI businesses report over 6% growth in 2004
Figures released today show continuing growth in the Northern Ireland economy, with business sales up by £2.5 billion to £45.2 billion in 2004. The figures are contained in the provisional results of the 2004 Northern Ireland Annual Business Inquiry (NIABI), published today.
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Figures released today show continuing growth in the Northern Ireland economy, with business sales up by £2.5 billion to £45.2 billion in 2004. The figures are contained in the provisional results of the 2004 Northern Ireland Annual Business Inquiry (NIABI), published today.
15 December 2005
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11 May 2009
Downturn 'Ending', Says Ulster Bank
Signs of economic improvement show that the worst of the economic downturn in Northern Ireland has passed. A new report from Ulster Bank suggests that, although NI's private sector has seen business activity fall sharply and at a much faster rate than the UK average, there are now signs of improvement.
Downturn 'Ending', Says Ulster Bank
Signs of economic improvement show that the worst of the economic downturn in Northern Ireland has passed. A new report from Ulster Bank suggests that, although NI's private sector has seen business activity fall sharply and at a much faster rate than the UK average, there are now signs of improvement.
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Northern Ireland WeatherThis Evening and Tonight:Largely dry with clear spells at first, a few showers in the north and west. Becoming cloudier with rain spreading east through the early hours. Becoming windy, westerly gales developing along the north coast. Minimum temperature 6 °C.
