This latest rise is yet another painful jolt for hard-pressed local families
It's all about disposable income.
It's all about disposable income.
Belfast City Council has a responsibility to influence the development of many features affecting the standard of living of its residents, none more important than the social consequences of a continuing increase in population above the current 339,000.
On June 26, Theresa May outlined her proposal on the rights of EU citizens currently living in the UK, after Brexit. The position paper relating to this proposal opens with several high level policy statements, including that:
It's time to face facts - the Northern Ireland economy is at a crossroads. The key drivers that dictate whether our economy stagnates or grows have never been so volatile. Even prior to the results of the Brexit referendum, the Northern Ireland economy...
The winds of change are definitely blowing through UK economic policy-making. In the March 2017 Budget the Chancellor Philip Hammond had already indicated that he was taking a more relaxed view as to how long it might take to re-balance the UK budget...
Many aspects of economic analysis fail to enthuse the non-economist. Talk of GDP or productivity or balance of payments rarely make for engaging after dinner debate.
The Chancellor of the Exchequer, Philip Hammond, is at risk of being demonised on flawed criticism. He has tried to explain the rationale for public sector pay policy drawing on valid evidence that rates of pay in the public sector have not, on average, fallen behind the rates of pay in the private sector.
The countdown for the UK's implementation of the General Data Protection Regulation (GDPR) is fast approaching, with 10 months to go until May 25, 2018, the date by which affected companies are required to ensure compliance or face penalties.
Derry City and Strabane District Council has published a draft community plan outlining the main features of a Strategic Growth Plan for 2017 to 2032.
As the deadline of June 29 passed without the establishment of a new Stormont Executive, it looks as though Northern Ireland may be in for a long period with no devolved government. Quite how long this interregnum will last is in the realm of political speculation,...
The Irish state could be a big loser from Shell's heavy financial hit on the Corrib gas field. If tax losses racked up by Shell are carried over to the new owners, it will reduce corporation tax receipts on what will be a profitable venture for some shareholders in the years ahead.
During a weekend of outstanding sporting events, some of the most welcome headlines were made by the British and Irish Lions, who drew the series with the All Blacks in New Zealand.
It is not just politicians in a state of flux at the moment. The UK's uncertain future is denting confidence in the business community and has now crept into consumer homes too.
In Gnahoua v Abellio London Ltd 2303661/2015, a tribunal awarded nominal compensation of £2 to a bus driver after his employer refused to allow the employee's chosen companion to accompany him to a disciplinary appeal hearing.
Three forecasts for the Northern Ireland economy have been released in as many days. Each forecaster (Danske Bank, EY and the Ulster University) predicts that NI is facing into uncertainty and potentially challenging times.
Every day hundreds of people living in Northern Ireland waken up to cope with serious problems, financial constraints, physical disabilities and mental incapacities which are all an inheritance of what we call the Troubles.
The election results and consequent DUP/Conservative discussions have understandably dominated the airwaves over the last few weeks - otherwise a collection of concerning economic data might have drawn more attention.
The use of psychometrics testing by employers in recruitment and selection processes will now require further consideration in light of the recent Employment Tribunal Decision (The Government Legal Service v T Brookes EAT) in which the tribunal held that the...
Unlike traditional desktop accounting packages, cloud accounting software tends to be marketed as a Software-as-a-Service (SaaS) model, where a small monthly 'licence' fee is paid on a recurring basis instead of investing in hardware and software at the outset.
A management buyout (MBO) is the general term used for a business acquisition where a company's existing managers acquire a part or all of the company for which they work.
Northern Ireland's has wide-ranging and important interests in the delivery of Brexit. But the election has added to the uncertainty for the local economy.
One of the most unusual contributions during the recent general election campaign was the comment of the Shadow Chancellor John McDonnell that we could learn a great deal from Karl Marx.
Can a Sony camera be considered as viable alternative business tool to a Canon or a Nikon?
The Irish government fired the starting gun on the sale of 25% of First Trust parent AIB, from which it hopes to raise up to €3bn (£2.6bn), last week.
You're selling your three-bed semi-detached house. Your asking price is £400,000. Would you accept 200 bitcoins instead? Reuben Godfrey says he would.
Sadly this Westminster election in Northern Ireland has seen little in the way of serious debate over the key economic challenges facing an incoming UK Government. Indeed with the unwelcome possibility of a period of Direct Rule, careful reading of the Conservative...
Disruption is perhaps one of the most overused words in business - Amazon disrupted book selling, Uber disrupted taxis and Airbnb is disrupting hospitality.
Just as the all-island electricity market launches the more ambitious I-SEM (Integrated Single Electricity Market), draft contracts determined by the Regulator with SONI (the System Operator), with NIE Networks (making the electricity distribution system reliable...
The ambition to give Northern Ireland a corporation tax advantage over other GB businesses is now on hold for good and understandable reasons. If the original plans had been implemented, corporation tax for local businesses would have been reduced to 12.5% from next...
At the start of this year, the Department for the Economy published a draft Industrial Strategy for Northern Ireland. One of the targets contained in this document is to double the amount spent here by tourists from outside Northern Ireland by 2025. The draft...
Assuming your terms and conditions are up to date, if your company is trading on the presumption that your terms and conditions govern the contract, then it might be time to take a closer look at the chronology of negotiations and the usual manner in which you do...
At the start of 2017 many commentators on the motor industry expected a spike in new car purchases in the first quarter of 2017. The underlying assumption was that consumers would accelerate purchase plans to avoid the new (and higher) rates of vehicle...
At the end of May next year, the electricity market across the island of Ireland will undergo a major organisational change. The present system, usually described as a SEM (single electricity market) will begin to operate with dramatically changed...
Restrictive covenants are agreements or obligations to refrain from doing something which are binding on the party giving the covenant and restrict the way in which a party can act, such as the way in which land may be used.
I have been fully immersed in a slightly different role of late. Having been a board member of a local enterprise park for a while now, I have been asked to step in to run the park until we find a replacement for our recently retired chief executive.
The internet has created a criminal ecosystem that supports the development, deployment and financial mechanisms to maintain malware as a profitable industry.
The status of an individual is very important when considering what rights exist in employment law. There are numerous cases considering what constitutes an employee or worker under various pieces of employment legislation and many often turn on their...
It's the question that divides the world's top technology minds: are we facing mass unemployment in 10 years because of artificial intelligence and smarter robots?
Confusion still reigns within SMEs in relation to what private equity actually does and their approach to investing in companies. At a recent funding event, one private equity provider described PE as "neither the devil nor Mother Teresa".
The recently published draft Industrial Strategy for Northern Ireland (NI) makes the claim that people here have a sense of satisfaction with their lives which is the envy of people in London and the South East of England.
In a world where most of us are already publishers, it is perhaps puzzling, if not a stark warning, when two experienced writers find themselves in a legal battle over tweets.
Everyone else is daydreaming, so why shouldn't I? Just what would the world have to look like for a majority in Northern Ireland to vote to leave the UK and join the Irish Republic and, automatically, the EU?
With growing global awareness of Northern Ireland's incredible hospitality offering, visitor numbers are increasing and so too are the number of businesses catering for the influx of tourists. While this is all good news for our economy, there is a very real issue...
Invest NI has refreshed its strategy to help build a stronger regional economy. The challenge now is to assist somewhere between 16,000 and 24,000 jobs by 2021.
The jobs and investment promotion agency, Invest NI, has issued a buoyant assessment of its activities in the financial year to March 2017.
An ageing telephony infrastructure is the Achilles heel for many large organisations. The thought of transforming a system which lies at the heart of a critical 24/7 organisation is too much to bear for some, encumbered as it is with thoughts of service disruption.
Banking has changed radically over the last five years and the pace of change is both a challenge and an opportunity for banks. However, the innovation isn't confined to mobile apps and new products.
I had the privilege of giving a short speech at the Belfast Telegraph Business of the Year awards last Thursday. As always it was a fabulous event and my congratulations to all the entrants and of course to the winners.
The professionalism within many boardrooms of Northern Ireland businesses has improved considerably over recent years. Nevertheless, the role of boards of directors continues to be scrutinised on a regular basis and, for some, the implementation...
The Brexit vote, and ensuing uncertainty, has forced many businesses to re-examine their investment plans.