The Northern Ireland Independent Retail Trade Association (NIIRTA) has set out it views on the Chancellors Budget.[caption id="attachment_34929" align="alignleft" width="240"] Glynn Roberts, NIIRTA Chief Executive.[/caption]
NIIRTA Chief Executive Glyn Roberts said: “Overall this is a positive budget for local small businesses and independent retailer.
“The retail sector has a key role in providing high quality apprentices and it is welcome that from April 2016, employers National Insurance contributions will be abolished to further incentivise our members taking on apprentices.
“Cutting of Corporation Tax to 20% and the freezing of fuel duty and ending of Annual Tax returns are all positive developments for local business. Raising the income tax allowance to £11k will also take pressure off working families and low paid workers and increase greater spending in the retail sector.
“The Chancellor outlined new City Deals in Manchester and West Yorkshire, giving them greater economic powers –this is something NIIRTA would like to see for our five cities in Northern Ireland. He also outlined eight new Enterprise Zones and yet we only have one small such Zone in Coleraine.
“Greater progress on establishing Enterprise Zones in Northern Ireland is needed,” added Glyn Roberts.