Secretary of State sets the regional rate in NI in absence of a NI Executive
In the absence of a NI Executive, the Secretary of State for Northern Ireland, the Rt Hon Chris Heaton-Harris MP, has increased the NI domestic regional rate by 6% and frozen the non-domestic regional rate for the 2023-24 financial year.
Acknowledging the impact that the cost of living is having on NI households, the 6% increase in the domestic regional rate for NI households is both below inflation (10%), and is lower than the average increase (6.67%) of domestic district rate increases by NI councils.
Following extensive consultation with the NI Department of Finance and engagement with business representatives, and recognising the unique pressures which NI businesses are facing, the Secretary of State has provided respite and clarity for businesses struggling with cost pressures by freezing the non-domestic regional rate at the 2022-23 level.
Secretary of State for Northern Ireland Chris Heaton-Harris said:
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