Friday, November 22, 2024

‘We’re facing a £35k hit’: How Budget will lead to ‘tough decisions’ for small NI businesses

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Northern Ireland gives its reaction to the Budget, with one businessman saying he’s now facing £35k hit as a result of National Insurance Contribution hike

Glen Miller (top) and Mitchell Park (bottom) give their reactions to the Budget announced by Rachel Reeves today

Chancellor Rachel Reeves has delivered her budget, raising taxes, increasing borrowing and boosting spending — but what does it mean for those on the ground across Northern Ireland?

Among those impacted here include family farms, small businesses and one director who is facing a significant cost to his business due to a hike in National Insurance Contributions.

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