Fianna Fáil to freeze rates

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Five Fianna Fáil dominated councils promise to freeze local rates for businesses

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11 June 2009

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Last month Taoiseach Brian Cowen announced as part of his party’s manifesto that rates will be frozen for three years in local council areas where Fianna Fáil has a majority or is in coalition with other parties.

Currently, the rates freeze is only guaranteed in five local councils but both of the two main opposition parties, Labour and Fine Geal, have reportedly indicated that they too are willing to support the measure.

Retail industry body Retail Excellence Ireland has welcomed the news; chief executive David Fitzsimons commented:

“This announcement is a very welcome development for our 580 member companies and the 8,500 individual retail stores we represent, and comes on the back of extensive consultation with all the main political parties over the last few months.

“The rates freeze, including abandonment of the new rateable valuation calculation, will provide retailers with much needed financial respite and will go a significant way towards supporting retail businesses, and protecting jobs through this recession.”

 

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