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Blog Archive | October 2019

Time to think of importance of retail as Christmas looms

Posted on October 21, 2019 by Lisa Wilson

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It’s approaching that time of year again, where people start thinking about, dare I say it, Christmas. I know, I know, I can hear the tut at my even mentioning of the word aloud this side of Halloween. But like it or lump it, as the evenings continue to close in and people get used to going home to light the fire in the evenings we cannot help but start to think about Christmas nights out, and …

Slides from NERI Seminar: Budget 2020: Reflections and Analysis

Posted on October 17, 2019 by Louisa O'Brien

Slides from NERI Seminar: Budget 2020: Reflections and Analysis held in the Fórsa offices on 16th October, 2019. The three speakers each made a brief presentation responding to aspects of Budget 2020.  The presentations were delivered by Robert Sweeney (TASC), Michelle Murphy (Social Justice Ireland) and Michael Taft (SIPTU). Robert Sweeney, TASC post budget 2020 analysis 16 Oct 19 from …

Budget 2020 makes the vulnerable pay for Brexit

Posted on October 11, 2019 by Tom McDonnell

Money notes and coins
Budget 2020 came and went under the shadow of a looming Brexit threat. Notwithstanding this threat, the Department of Finance projects we will avoid a technical recession in 2020. The Central Bank similarly projects narrow avoidance of a recession in a no-deal scenario, albeit with declines in consumption and in investment. The government’s fiscal position is in a reasonably solid position with …

A Short-Time Work Scheme would help us battle the worst effects of Brexit

Posted on October 07, 2019 by Tom McDonnell

Manufacturing
Every economic downturn is unique but often involve some form of demand side or supply side shock. A ‘demand-side’ shock occurs when businesses and households collectively reduce their spending in the economy. Good examples include stock market or property crashes that lead to a general loss of confidence in future economic prospects. Supply-side shocks tend to be more damaging to the economy …

Local impact of Wrightbus closure cannot be ignored

Posted on October 01, 2019 by Paul Mac Flynn

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The announcement last week that Wrightbus has gone into administration with the loss of up to 1,200 jobs has dealt a significant blow to Northern Ireland’s manufacturing sector at a time when the sector faces an existential threat. Furthermore, it is just the latest in a long series of closures to hit the Ballymena area, which seems to have suffered disproportionately in recent years. When we …

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