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03/12/2004
Pre-Budget Report good for NI, claims Minister
NIO Finance Minister, Ian Pearson, has described Chancellor Gordon Brown’s Pre-Budget Report as “good news for Northern Ireland”.
Speaking on Friday, Mr Pearson said the report included “something for everyone” including those who are the most vulnerable in society.
“The economic measures announced today will support Northern Ireland in maintaining stability and growth,” the Minister said.
"Northern Ireland has and will continue to benefit from the UK’s longest unbroken economic expansion in 50 years and the measures announced today, will strengthen the platform to allow businesses in Northern Ireland to continue to prosper and grow.”
The Minister said the Chancellor’s proposals included a series of measures that “promote productivity growth, flexibility and fairness”, alongside high and stable levels of employment in Northern Ireland. He said the measures would also help the Northern Ireland economy to achieve a faster rate of productivity growth.
Speaking in Parliament yesterday, Chancellor Gordon Brown assured MPs of Britain's sustained economic growth. He confirmed that this year's economic growth target of 2.5% had been achieved and referred to it as the "longest period of sustained growth in Britain's industrial history".
Borrowing was predicted to reach £34bn in 2004/2005 and £33bn in 2005/06, compared with figures of £33bn and £31bn forecast respectively in March's budget. Inflation is also projected to rise to 1.75% next year and 2% in the years to follow.
(MB/SP)
Speaking on Friday, Mr Pearson said the report included “something for everyone” including those who are the most vulnerable in society.
“The economic measures announced today will support Northern Ireland in maintaining stability and growth,” the Minister said.
"Northern Ireland has and will continue to benefit from the UK’s longest unbroken economic expansion in 50 years and the measures announced today, will strengthen the platform to allow businesses in Northern Ireland to continue to prosper and grow.”
The Minister said the Chancellor’s proposals included a series of measures that “promote productivity growth, flexibility and fairness”, alongside high and stable levels of employment in Northern Ireland. He said the measures would also help the Northern Ireland economy to achieve a faster rate of productivity growth.
Speaking in Parliament yesterday, Chancellor Gordon Brown assured MPs of Britain's sustained economic growth. He confirmed that this year's economic growth target of 2.5% had been achieved and referred to it as the "longest period of sustained growth in Britain's industrial history".
Borrowing was predicted to reach £34bn in 2004/2005 and £33bn in 2005/06, compared with figures of £33bn and £31bn forecast respectively in March's budget. Inflation is also projected to rise to 1.75% next year and 2% in the years to follow.
(MB/SP)
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NI economic growth second largest in 2002
Northern Ireland's economic growth was second to only the south west of England during 2002, it was revealed today. According to figures from Office of National Statistics Northern Ireland’s annual growth rate of 5.6% during the year was above the UK average of 5.1%. Enterprise Trade and Investment Minister, Barry Gardiner, welcomed the figures.
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Northern Ireland's economic growth was second to only the south west of England during 2002, it was revealed today. According to figures from Office of National Statistics Northern Ireland’s annual growth rate of 5.6% during the year was above the UK average of 5.1%. Enterprise Trade and Investment Minister, Barry Gardiner, welcomed the figures.
13 June 2007
Jobs growth continues in Northern Ireland
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Jobs growth continues in Northern Ireland
Figures released today have revealed Northern Ireland has the highest number of jobs on record, while the unemployment rate remains below the UK average.
15 March 2007
Employment growth continues in Northern Ireland
The latest employment figures have revealed that Northern Ireland has the highest number of jobs on record, while the unemployment rate remains below the UK average. New jobs in the construction industry and the service sector have also driven the overall increase, while manufacturing jobs remain static.
Employment growth continues in Northern Ireland
The latest employment figures have revealed that Northern Ireland has the highest number of jobs on record, while the unemployment rate remains below the UK average. New jobs in the construction industry and the service sector have also driven the overall increase, while manufacturing jobs remain static.
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Northern Ireland WeatherToday:There will be a mixture of bright intervals and a few showers. Best of the sunny spells will be near the North Coast. Feeling on the cool side. Maximum temperature 10 °C.Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Minimum temperature 0 °C.
