News
Are Northern Ireland households getting £30 electricity credit? What we know about the government support scheme
9+ hour, 56+ min ago (252+ words) Households in Northern Ireland are expected to benefit from a "30 reduction to their electricity bills for each of the next three years as part of a new support scheme. The scheme will require legislation to be passed at Westminster, however…...
Northern Ireland heating oil prices: Here’s what we know about £17 million funding allocation
3+ day, 18+ hour ago (275+ words) On Monday, the British government announced "53 million in funding to help heat homes across the UK that rely on oil heating. Of that funding, "17 million has been allocated to Northern Ireland, where oil heating for homes is more common. However,…...
UK interest rate cut off the table amid Middle East conflict, economists say
5+ day, 1+ hour ago (499+ words) Soaring energy prices caused by the war in Iran means an interest rate cut next week "makes no sense, with future reductions also hanging in the balance, economists have said. Economists have changed their opinion on what will happen to…...
Jodie Carson: Applying a lens to capital expenditure in Northern Ireland
1+ mon, 3+ day ago (867+ words) It is an unfortunate reality that the rise of populism and short-termism in policy-making is crowding out substantive future-orientated conversations, including those relating to demographic, migration and climate risks. A strategic approach to addressing this includes targeted capital expenditure. Given…...
Businesses told to prepare for slower growth and higher inflation as fuel prices continue to climb
1+ week, 3+ day ago (551+ words) Businesses and households have been told to brace for higher inflation and slower economic growth due to the ongoing crisis in the Middle East. The parent body for the Northern Ireland Chamber of Commerce has downgraded its 2026 growth forecast, while…...
Brian Lavery: Regeneration begins with support, not sanctions
3+ mon, 4+ day ago (502+ words) Two recent announcements from the government and Belfast City Council appear to be at odds with one another. The first came from finance minister John O'Dowd, who outlined his intention to require owners of vacant commercial properties in Northern Ireland…...
Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war
1+ week, 3+ day ago (678+ words) The conflict in Iran is "likely to put upward pressure on inflation" over the coming months, Rachel Reeves has said. The Chancellor's warning about the impact of America and Israel's war with Tehran came after Prime Minister Sir Keir Starmer…...
Flurry of mortgage rate hikes in more ‘unwelcome news’ for homeowners
1+ week, 4+ day ago (730+ words) Mortgage borrowers looking for a new deal will have some "unwelcome news, a website has warned, as it saw a flurry of lenders reveal hikes to their rates, pushing up average fixed rates for homeowners to choose from. Financial information…...
Stock markets tumble as oil prices surge in biggest weekly gain since 2020
1+ week, 6+ day ago (397+ words) Global stock markets have continued to take a hammering as oil prices rocketed in their biggest weekly gain for six years, with no sign of a swift resolution to the conflict in the Middle East. London's FTSE 100 Index slumped 1.6% lower…...
Reeves reaffirms commitment to end windfall tax in talks with North Sea bosses
2+ week, 1+ day ago (1089+ words) Rachel Reeves reaffirmed her commitment to end the windfall tax on North Sea oil and gas as she met energy bosses, while warning that the Middle East war has created a "more uncertain context for policy decisions. The Chancellor discussed…...