Chartered Accountants in Northern Ireland have called for urgent public sector reform, a more competitive Corporation Tax regime and stronger economic leadership as part of a credible industrial strategy to unlock growth, according to the latest Business Confidence Survey from Chartered Accountants Ulster Society.

Published on 22 April, the survey results highlight an economy that has stabilised but remains stuck in low growth, with businesses continuing to face sustained cost pressures and limited confidence in the effectiveness of current policy delivery.

Just six percent of respondents view the outlook as positive, with the majority (56%) expecting “fair” conditions and 38 percent remaining pessimistic. Meanwhile, 58 percent report that financial distress among businesses is still increasing, underlining the persistent strain across the economy.

“Northern Ireland’s economy has stabilised, but momentum remains modest”, Mark Lawther, Chairman of Chartered Accountants Ulster Society, said.

“Businesses continue to face elevated costs and financial pressures, and greater confidence will depend on clearer, faster policy delivery.

“There is a clear message from our members that reform must come before additional revenue-raising. Improving how public money is spent, alongside stronger governance and decision-making, is essential to restoring confidence.

“At the same time, there are real opportunities to transform our economic outlook. A more competitive Corporation Tax rate, combined with Northern Ireland’s unique dual market access, has the potential to attract significant investment—but only if supported by clear strategy and delivery”.