Research revealed eight out of ten farmers in the region have been ‘extremely affected’ by the disease compared with six out of ten nationwide.
Evidence of the knock-on effect of the disease could be seen as 55% of tourism-related shops and 36% of catering businesses said they were hit, against 42% and 21% in the rest of the country.
Peter Armitage, president of the Northern Society of Chartered Accountants said: ‘It will take a long period of time to get back to where we were before.’
To ensure all sectors hit by the disease are adequately aided, the ICAEW is recommending the government take a series of measures, including the creation of a ‘hardship fund’.
Armitage explained: ‘We’re not asking government to write out a blank cheque. We would like it to set up eligibility criteria, in consultation with farmers and the rural business community.’
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up