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Posts from "Paul Mac Flynn"

Paul Mac Flynn

Paul Mac Flynn is a senior economist at the NERI specialising in the Northern Ireland Economy.

He is a graduate of University College Dublin with a BA in Economics and Politics and the University of Bristol with an MSc in Economics and Public Policy, specialising in the economic impacts of political devolution in the UK.

Having previously worked in financial services he is now based with NERI in Belfast.

QEO - The Implications of a Hard BREXIT for Northern Ireland

Posted on December 06, 2016 by Paul Mac Flynn

Brexit image
The Winter 2016 Quarterly Economic Observer was released this morning and it provides the NERI's analysis recent economic trends and the outlook for both Northern Ireland and the Republic of Ireland. We highlight the signs of decelerating growth in the Republic along with concerns about recent budgetary measures particularly in the housing sector. For Northern Ireland, the relative stability of …

Posted in: JobsNorthern Ireland

Autumn Statement 2016

Posted on November 23, 2016 by Paul Mac Flynn

The Autumn Statement delivered by the new chancellor of the Exchequer Philip Hammond is the first substantial financial statement made by the government since the BREXIT referendum result in June. Naturally the referendum and its consequences featured heavily in the announcements, but it is still clearly too early to make any definitive forecasts for the longer term. The Office for Budget …

Posted in: Government SpendingLiving wageNorthern Ireland Wages

Northern Ireland and the Living Wage in 2016

Posted on November 04, 2016 by Paul Mac Flynn

Last week the 2016 Annual Survey of Hours and Earnings for Northern Ireland was released and some interesting results emerged. The largest increase in wages was bottom 10% of employees reflecting a welcome boost from the introduction of the National Living Wage. However, the National Living Wage should also not be confused with the real Living Wage, for which the latest rate was announced last …

Posted in: Living wageNorthern Ireland Wages

The National Living Wage - What will it mean for Northern Ireland

Posted on March 30, 2016 by Paul Mac Flynn

50p
The National Living Wage of £7.20 will come into force from tomorrow across the UK for those aged 25 and over. This new minimum wage rate will amount to an automatic increase of 50p per hour for the coming financial year and it is set to rise to £9 per hour by 2020. There has been much discussion of how workers and businesses will be affected by the NLW and this is particularly important for …

Posted in: JobsLiving wageNorthern Ireland Wages

UK Budget 2016 - Ominous Revisions

Posted on March 16, 2016 by Paul Mac Flynn

Today's statement in the House of Commons marked George Osborne's eighth budget in just under six years as Chancellor. Whilst there were many eye-catching policies such as a tax on sugary drinks and reforms to ISAs, they could not distract from some major revisions to UK economic growth. The Office for Budget Responsibility cut their forecast of UK GDP growth in 2016/17 to 2%, down from 2.4% …

Posted in: Government SpendingMacroeconomicsNorthern Ireland Taxation

Social Housing in Northern Ireland

Posted on March 03, 2016 by Paul Mac Flynn

Publication cover - NERI Research inBrief Housing
Social housing in Northern Ireland faces unique challenges over the coming years in terms of capacity, finance and delivery. Moreover there are questions over the structure of organisation who deliver social housing and how that could be amended to best suit future needs. This InBrief looks to evaluate current social housing policy and whether Northern Ireland should look beyond the UK for best …

Posted in: InvestmentJobs

UK Autumn Statement and Spending Review

Posted on November 25, 2015 by Paul Mac Flynn

The Autumn Statement delivered today by Chancellor of The Exchequer George Osborne will in all likelihood be remembered for one significant U-turn. The dramatic reversal on planned changes to tax credits represents a big win for opponents of the policy in Westminster and beyond. The total proposed saving from tax credits was to be £4.4bn UK wide. The changes would have affected over 120,000 …

Posted in: Government SpendingJobsLiving wageMacroeconomics

Youth Unemployment - A broader view

Posted on October 29, 2015 by Paul Mac Flynn

Youth unemployment remains one of the most enduring and destructive legacies of the financial crash and the great recession that followed it. Rates of unemployment among young people (those aged under 25) increased dramatically over the 2007 - 2009 period. The NERI's Quarterly Economic Facts indicator 2.4 shows youth unemployment rates across the 28 members of the EU and the contrasting fortunes …

Posted in: JobsNorthern Ireland

Underemployment in Northern Ireland

Posted on August 19, 2015 by Paul Mac Flynn

Publication cover - Quarterly Economic Observer, Summer2015
In June of this year the Northern Ireland Statistics and Research Agency released a paper on the subject of underemploymentent in Northern Ireland. Underemploymnet has become a key policy issue of late due to improving conditions in the labour market. As the paper sets out, underemployment is defined as "A person who is in employment, working less than 48 hours per week, would like to work …

Posted in: JobsNorthern Ireland

Some context to Welfare Spending

Posted on July 21, 2015 by Paul Mac Flynn

An article appeared in this morning's Belfast Telegraph outlining expenditure on some welfare benefits in Northern Ireland for the latest financial year. The figures were obtained in response to a parliamentary question to the Minister for Social Development and can be found here . The article made a number of claims about where expenditure has increased and then went on to quote some rather …

Posted in: Government SpendingNorthern Ireland

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