07/08/2019

Trade Leaders Set Out Business Concerns With Shadow Chancellor

A group of Chief Executives from the Northern Ireland business community have met with the government's Shadow Chancellor of the Exchequer to set out their concerns for the industry.

The region's largest business coalition, Trade NI highlighted issues surrounding Brexit, business rates, infrastructure and other challenges that face their members currently and pose risks for the coming years with Labour MP John McDonnell.

A review of the non-domestic rating system was announced by the Department of Finance in May in response to the crippling effect of high rates on high street and town centre businesses.

The meeting comes as the Shadow Chancellor visited Northern Ireland to meet workers at the Harland and Wolff shipyard and express solidarity in their ongoing fight against the firm's move into insolvency.
News Image
Trade NI representatives Colin Neill, Glyn Roberts and Mary Meehan said the meeting allowed them to outline their ideas to reboot economic policy.

They said in a statement: "We made it very clear of the importance of getting a EU withdrawal deal and avoiding the damaging scenario of a no deal Brexit. Labour party MPs have a key role in ensuring that Parliament does not allow the UK to crash out without a deal.

"Trade NI also outlined our concerns over Business Rates, with Northern Ireland having the highest rates in the UK with very few reliefs which businesses in other parts of the UK receive. Nor did we receive our fair share of the Future High Streets Fund and we are also falling behind the rest of the UK in relation to infrastructure investment.

"At our meeting we encouraged the Labour party to publish its policy priorities for the Northern Ireland economy. Trade NI would be interested in engaging further with Shadow Ministers to help shape their policy."



(JG/CM)


Related Northern Ireland Business News Stories
Click here for the latest headlines.

26 October 2011
Hamilton Reiterates Support For Small Businesses
Strangford DUP MLA Simon Hamilton has told an audience of business people in Lisburn that the Stormont Assembly must maintain its support for Northern Ireland's small business sector during these difficult times.
13 September 2019
Boost For Newry As Retailers Flock To The Buttercrane
Newry's retail offering is set for a boost with the opening of Lidl and Sports Direct at the Buttercrane Shopping Centre, subject to planning. The two companies will begin trading at the site in 2020 if all goes ahead, the Newry Chamber of Commerce has announced.
26 July 2012
Northern Hydraulics Engineers Investors In People Success
Coalisland precision engineering company Northern Hydraulics is one of 37 organisations from across Northern Ireland today awarded with the prestigious Investors in People (IiP) accreditation. Dr Stephen Farry, Minister for Employment and Learning, congratulated those receiving the business award at a celebration event held in Hillsborough Castle.
06 November 2015
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
18 July 2012
Small Business Rates Relief Must Go Further - Durkan
SDLP Foyle MLA Mark H Durkan has said that Finance Minister Sammy Wilson’s review of the Small Business Rates Relief scheme must result in a new, improved rating process for businesses. Mr Durkan said: "I very much welcome Mr Wilson's announcement that he intends to review the Small Business Rates Relief scheme.