By Vivienne Russell | 1 April 2012
Regional rate rises in Northern Ireland will be capped at 2.2%, in line with inflation, Finance Minister Sammy Wilson has confirmed.
The increase, which Wilson described as an ‘effective freeze’, will apply to all domestic and non-domestic ratepayers in the province. The decision fulfils the Northern Ireland Executive’s commitment to freeze regional rates in real terms over the four years to 2015.
Wilson said the 2.2% rise contrasted with an average rise of more than 10% across the past four years of direct rule.
Regional rate rises in Northern Ireland will be capped at 2.2%, in line with inflation, Finance Minister Sammy Wilson has confirmed.
The increase, which Wilson described as an ‘effective freeze’, will apply to all domestic and non-domestic ratepayers in the province. The decision fulfils the Northern Ireland Executive’s commitment to freeze regional rates in real terms over the four years to 2015.
Wilson said the 2.2% rise contrasted with an average rise of more than 10% across the past four years of direct rule.
