'Bold strategy needed for health, infrastructure and economy'
The Chairperson of Chartered Accountants Ulster Society has called for urgent action on three critical priorities to secure Northern Ireland’s economic future: health service reform, infrastructure investment, and building a globally competitive, sustainable economy.
Speaking to over 400 guests at the Ulster Society’s Annual Dinner, sponsored by Danske Bank and MCS Group tonight (20 March), Gillian Sadlier emphasised that bold, strategic action is now essential to unlock Northern Ireland’s economic potential.
“Our latest survey of almost 300 Chartered Accountants in Northern Ireland shows that the outlook for the local economy is challenging,” said Gillian Sadlier. “Confidence in Northern Ireland’s prospects has halved in the past year, with only 8% of our members viewing the outlook as ‘good’ or ‘very good’.
“There are undoubtedly opportunities in Northern Ireland’s dual market access, but most of our members believe that these have yet to be fully realised. At the moment, the view is that EU Exit costs outweigh the benefits.
“There are three major jobs that need urgent attention if we want to build a more resilient, prosperous Northern Ireland. Firstly, health service reform, because we need a system that meets both current and future demands.
“Secondly, infrastructure investment, the roads, transport, water systems that quite literally keep an economy moving.
“Then thirdly building a globally competitive, sustainable economy which encourages private sector investment, innovation, and job creation.”
Chartered Accountants Ulster Society is calling for a long-term, results-driven approach that prioritises these three pillars of reform, underpinned by clear, costed transformation plans with measurable outcomes; collaboration between government and business to ensure practical, actionable solutions; and policy commitments that enable long-term growth, innovation, and job creation.
Speaking about the Northern Ireland Executive’s Programme for Government 2024-2027 and the current draft Budget, Gillian Sadlier said: “We hope that it will be the first of many Programmes for Government that over time, will steer our economy to a better place.
“We would like to see a multi-year budget to support stability and sustainable development, with broader financial reforms to address emerging economic needs. The Budget also relies on rate increases as the only real revenue-raising measure. We would like to see our leaders explore new revenue raising measures.
“We would like to see serious consideration given to a competitive corporation tax rate, aligned with the Republic of Ireland’s 12.5%, to attract investment and to stimulate economic growth. We would also like to see clearer targets, funding strategies, and policy commitments in the Programme for Government.
“Northern Ireland’s business community has shown remarkable resilience,” said Gillian Sadlier. “Now, with the right reforms, leadership, and vision, we can turn that resilience into long-term strength, creating a better, more prosperous future for everyone.”
Providing entertainment for guests at the Ulster Society Annual Dinner were comedian and television presenter Patrick Kielty, along with musicians Lucky SAX and String Ninjas; and dancers High Points.
The Chartered Accountants Ulster Society’s Annual Dinner took place at Titanic Belfast and was attended by 400 members and their business guests.
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