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10/11/2008
40% Off 2007 Peak House Prices, Says Ulster Bank
Forty percent will be wiped off Northern Ireland house prices - from their August 2007 peak - by the end of next year, it has been claimed.
Ulster Bank made the prediction in a recent assessment of the Northern Ireland economy.
The bank predicted the local economy has already fallen into recession, claiming the province would be the worst affected area in the UK during the thrusts of an economic downturn.
According to the Ulster Bank's Quarterly Economic Review, the Northern Ireland economy will contract by 1.5%, creating a sharp rise in unemployment.
Northern Ireland’s high dependency on the public sector will not act as a buffer in the looming financial crisis, as it did in the early 1990s, the bank warned.
Economist with the Ulster Bank, Richard Ramsey, said the province’s large exposure to the construction trade, teamed with a slowdown in public spending, would heighten the gloom for Northern Ireland.
"It is our view that the local economy is already in recession with private sector output having contracted for the past four quarters," said Mr Ramsey.
(PR)
Ulster Bank made the prediction in a recent assessment of the Northern Ireland economy.
The bank predicted the local economy has already fallen into recession, claiming the province would be the worst affected area in the UK during the thrusts of an economic downturn.
According to the Ulster Bank's Quarterly Economic Review, the Northern Ireland economy will contract by 1.5%, creating a sharp rise in unemployment.
Northern Ireland’s high dependency on the public sector will not act as a buffer in the looming financial crisis, as it did in the early 1990s, the bank warned.
Economist with the Ulster Bank, Richard Ramsey, said the province’s large exposure to the construction trade, teamed with a slowdown in public spending, would heighten the gloom for Northern Ireland.
"It is our view that the local economy is already in recession with private sector output having contracted for the past four quarters," said Mr Ramsey.
(PR)
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29 January 2024
The Ultimate Guide To Bingo Halls In Northern Ireland
Bingo, a game that has been a staple in Northern Ireland's entertainment scene for decades, continues to capture the hearts of enthusiasts across the region. In recent years, there has been a notable rise in bingo hall attendances, and some attribute this surge to the growing popularity and accessibility of bingo sites.
The Ultimate Guide To Bingo Halls In Northern Ireland
Bingo, a game that has been a staple in Northern Ireland's entertainment scene for decades, continues to capture the hearts of enthusiasts across the region. In recent years, there has been a notable rise in bingo hall attendances, and some attribute this surge to the growing popularity and accessibility of bingo sites.
23 April 2024
Minister's Welcome NI's Inclusion In Post Office Offences Bill
Minister's have welcomed a decision to include Northern Ireland in the Post Office (Horizon System) Offences Bill. The decision by the UK Government follows strong representations by the Executive Ministers to ensure that those affected here are treated on the same basis as their counterparts elsewhere.
Minister's Welcome NI's Inclusion In Post Office Offences Bill
Minister's have welcomed a decision to include Northern Ireland in the Post Office (Horizon System) Offences Bill. The decision by the UK Government follows strong representations by the Executive Ministers to ensure that those affected here are treated on the same basis as their counterparts elsewhere.
25 June 2013
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
07 January 2005
Consequences ‘dire and grim’ says Robinson
The consequences for Sinn Féin will be “dire and grim” if Chief Constable Hugh Orde confirms IRA involvement in the £22 million Northern Bank robbery last month, said DUP deputy leader Peter Robinson.
Consequences ‘dire and grim’ says Robinson
The consequences for Sinn Féin will be “dire and grim” if Chief Constable Hugh Orde confirms IRA involvement in the £22 million Northern Bank robbery last month, said DUP deputy leader Peter Robinson.
15 November 2012
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
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Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with some evening sunshine. It remains mainly dry overnight with a touch of frost or fog patches possible in places. However, cloud is expected to increase towards dawn with the odd light shower. Minimum temperature 2 °C.
