Belfast Telegraph

Household rates to rise with inflation, finance minister says

Household and business regional rates will rise in line with inflation, the finance minister said.

The 1.7% increase from April is equivalent to a real terms freeze, Mervyn Storey said.

He added: "By freezing the regional rate in real terms for the sixth year in a row, the Executive has aimed to strike a balance between the needs of ratepayers during challenging economic times, and ensuring that public finances are sufficient to cover the priorities we have set ourselves."

Household bills remain the lowest in the UK by some margin.

The regional rate represents just over half of the typical tax; the other half being made up of district rates - which are set independently by the district councils.

Following agreement by the Assembly, the minister also announced the extension to two popular rate relief schemes - exemption for ATMs in rural areas and the empty shops concession providing a one year subsidy for new ventures occupying property that has been vacant for a year or more.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?


From Belfast Telegraph