Business rates relief extension & Labour Force Survey update

Commenting on today’s announcement on the extension to business rates relief and Labour Market Force report from NISRA, PwC Partner Dr David Armstrong said:

“The extension to business rates relief will be very welcome news for the local business sector. It’s particularly important as it comes on the back of the Labour Market report, which brings into stark focus the impact of Covid-19 and the need for businesses to be supported to keep costs down and protect employees. 

“Northern Ireland’s labour force was the cornerstone of the economy in 2019 and the figures released today are a sign of its weakening position.

“The recovery of the business sector as the lockdown measures are scaled back depends on business agility, the response of the Executive and public confidence. It will demand the continued decrease of the contagion, supported by increased testing and clear guidance for businesses as their people return to work.

“In turn, businesses need to be proactive to ensure they’re fully using government funding mechanisms and also putting in place all necessary steps to enable a return as the lockdown eases.”



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