Manufacturing, Hospitality & Retail Sectors Call On Councils Not To Increase Business Rates
Manufacturing NI, Hospitality Ulster and Retail NI have jointly called upon Northern Irelands eleven Local Councils not to increase business rates. Their joint call comes as the Councils begin considering what level to set their business rates at for next year’s budget.
The three business organisations will be jointly writing out to the Mayors and Chairs of all eleven councils.
The Chief Executives of Retail NI, Hospitality Ulster and Manufacturing NI, Glyn Roberts, Colin Neill and Stephen Kelly said:
“As the Councils begin the process of setting the level of business rates, we urge them not to increase rates at all and strike a 0% increase”
“The business rate poundage has risen three times faster compared to the rest of the UK”
“With our members experiencing huge uncertainty with Brexit, rising costs of running their business and slow economic growth, the last thing they need is to pay more business rates”
“Councils should not add to the burden of our members and we urge them to consider our call when they begin the process of setting their non-domestic rates”
“Our three organisations recognise that our eleven Councils are key players in economic development and we want to strengthen our relationship with them going forward”
“Last week’s Budget gave independent retailers and hospitality businesses in England a third off their rate bills. Their counterparts in Northern Ireland got nothing”
“Rates reform is absolutely critical to the future of the economy. In our joint New Deal document we call for a radical reduction in business rates to support our town and city centres and to ensure small business owners can reinvest more of their own money into growing their business and employing more staff”