The Chairman of Chartered Accountants Ulster Society has called for a reduction in Corporation Tax as part of a wider, credible industrial strategy to drive investment, job creation and long-term economic growth in Northern Ireland.
Speaking at the Ulster Society’s Annual Dinner, attended by almost 500 business leaders, policymakers and professionals, Chairman Mark Lawther highlighted the findings of the Society’s latest member survey, which points to ongoing economic uncertainty and the need for decisive policy action.
“The global outlook remains unpredictable, and that uncertainty is clearly reflected at a local level,” said Mark Lawther. “Confidence in Northern Ireland’s prospects has dipped slightly, with fewer than 6% of our members currently describing the outlook as ‘good’. That underlines the scale of the challenge—and the urgency of the response required.”
Ulster’s Chartered Accountants also voice significant concern around public finances, with 94% of members citing public sector funding pressures as having a negative impact on the local economy.
“Public sector reform is seen by our members as the single most important priority,” he said. “Alongside that, there is a clear message that we are not yet making the most of Northern Ireland’s unique post-EU trading position, despite the real potential that exists.”
Mark Lawther emphasised that Northern Ireland has strong economic fundamentals, including dual market access to Great Britain and the EU, a competitive cost base, and growing political stability.
“After a period when certainty felt like a rare commodity, it is encouraging that we can now talk about stability not as an aspiration, but as a foundation,” he said. “That gives us a real opportunity to build momentum and create an environment where Northern Ireland—and its people—can genuinely thrive.”
However, he stressed that unlocking this potential will require bold and coordinated action.
“A reduction in Corporation Tax, as part of the right policy mix, could be genuinely transformational,” he said. “It would allow us to leverage our unique market position, attract global investment, support local businesses, and create high-value jobs.”
“In recent months, we have engaged with all five of Northern Ireland’s main political parties on this issue. As people who live and work here, and who care deeply about its future, we believe that a competitive Corporation Tax rate could be a game changer for our economy.”
Reflecting on the role of the profession, Mark Lawther highlighted the contribution Chartered Accountants make across the economy.
“Chartered Accountants are at the heart of business and public service, supporting organisations to adapt, grow and innovate,” he said. “We don’t just witness change—we help make it happen. Every day, our members are working alongside businesses that are evolving and expanding, helping to build a more competitive and resilient Northern Ireland.”
He also welcomed the attendance of the First Minister and deputy First Minister, noting the importance of political leadership and engagement with the business community.
“Business thrives best in an environment of certainty, collaboration and ambition,” he said. “We very much value the leadership shown in restoring stable government and in setting a constructive tone for the work of the Executive.”
The Annual Dinner, sponsored by Danske Bank and MCS Group, celebrated the contribution of Chartered Accountants across Northern Ireland and brought together leaders from across industry, professional services and enterprise.
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