NI Chamber comments on Chancellor’s Winter Economic Plan

Responding to The Chancellor of the Exchequer’s Winter Economic Plan, Ian Henry, President of Northern Ireland Chamber of Commerce and Industry (NI Chamber), said:

“The measures announced by the Chancellor provide a welcomed response to the business community’s call for a new generation of support to help protect livelihoods and ease the cash pressures faced by firms as they head into a challenging and uncertain winter.

“The new Jobs Support Scheme has the potential to help many companies hold on to valued, skilled employees – however it looks like a complex system and businesses will be eager to see the detail first and then consider whether and how they will be able to use the scheme.

“The Chancellor has also listened to calls for an extension of business lending schemes and more flexible repayment terms for loans. With almost 40% of our members saying they have 3 months cash in reserve or less, this will lessen the immediate pressure and provide reassurance for many affected firms at a challenging time.”

Love Belfast
Belfast guide to restaurants, bars, nightclubs, concerts, events, hotels, entertainment, special offers, news, gossip, travel, festivals and culture. http://lovebelfast.co.uk

Related Articles

Leave a Reply

Stay Connected

81,909FansLike
60,888FollowersFollow
164,553FollowersFollow
- Advertisement -

Latest Articles

BID asks traders for their views on city centre priorities ahead of re-ballot

Belfast One, the Belfast City Centre Business Improvement District (BID), which has invested almost £4million in projects over the last five years, is urging businesses...

EQUINE ASSISTED THERAPY AND LEARNING IN NORTHERN IRELAND FINDS NEW VOICE

A new advocacy group which aims to raise visibility and funding for equine assisted therapy and learning (EAT&L) in Northern Ireland will mark its...

NORTHERN IRELAND WATCH COMPANY TO OPEN FIRST CLIENT ASSEMBLY WORKSHOP IN BELFAST

Enoksen, the Northern Ireland-based watch company which assembles its own designed watches using top quality mechanical movements and components from Japan and Germany, is...

Why Is Mobile Gaming Ahead of PC and Console Gaming in the UK?

If you thought that you’re not addicted to games, the COVID-19 lockdown has probably proved you wrong. The fact is that more than 60%...

How to Prepare Your Child for Their First Game of Golf

Golf is a great game for people of all ages. It is accessible in many ways and can be enjoyed at any level of...