The rising cost of doing business in April means a 'perfect storm' for small companies in Northern Ireland, as rates bills arrive 💷
BBC News NI business correspondent
As a result of that decision Stormont received £163m, but that money did not go towards business rates relief because there was no minister or executive to allocate it. Alan Lowry, policy chairman of the Federation of Small Businesses in Northern Ireland, said members were being hit with a "perfect storm".
"I do think the 75% rates rebate in England and Wales shines a light on the fact that it is not available to us," he said.the rise in minimum wage"Across the board, 9.75% is a big hit. It makes it very hard to maintain pay differentials as well," he said."There may be a contraction in the number of hours, I hope not, but that might be an unintended consequence of the increase in minimum wage which is a worry.
"I mean a 13% water increase is not insignificant, but we can't just pass it all on to our consumers that easily so it's another worry."So how much of this can be passed on to customers in the form of higher prices?
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