Retail NI React to the Chancellors Budget Statement

06 March 2024

Retail NI React to the Chancellors Budget Statement

Retail NI have reacted to the latest Budget Statement by the Chancellor

Following the recent Budget Statement by the Chancellor, Retail NI's Chief Executive Glyn Roberts said

“Overall, there are a number of positives for Northern Ireland in this Budget”.

“Retail NI had been lobbying for the Long-Term Plan for Towns to extend to Northern Ireland and it is very welcome that Derry and Coleraine are set to benefit from this fund”.

“Raising the VAT registration to £90k, freezing the fuel duty and extending the UK Recovery Loan Scheme are all welcome announcements for our members.”

“We will be seeking more detail from the Government on the £150m Enhanced Investment Zone proposal and how it will focus on areas of Northern Ireland that have had historical underinvestment.”

 He continued “The Finance Minister needs also to set out how the additional £100m for Northern Ireland will be spent.”