More needs to be done to tackle cost of living – Overend

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Ulster Unionist Economy Spokesperson, Sandra Overend, has cited rising costs of living as the major challenge facing individuals and families across Northern Ireland following the latest PMI survey findings.

The Mid Ulster MLA said: “The latest PMI survey illustrates that business activity, new orders and employment are all on the rise. This follows on from the trend of positive economic indicators we have seen over the last number of months and will rightly be widely welcomed.’

“The construction sector is also showing much needed growth and recent infrastructure announcements by the Ulster Unionist Regional Development Minister Danny Kennedy, such as the A26, will certainly play a central role in supporting this recovery in the longer term.’

“However, the truth is that despite a recovery being undoubtedly underway, it will not feel much like one for many individuals and families across Northern Ireland as the cost of living, like energy bills, continue to rise.

“A recent UK wide study by PwC also showed that Northern Ireland workers are facing a drop in the real value of their wages for the sixth year in a row. That is the major challenge facing people and one which Stormont must get to grips with.”