Job cuts warning after commercial rates rise 3.3%

BUSINESS leaders in Dublin have warned there will be job cuts after the city council voted through stiff increases in commercial rates for companies and shops.

Businesses were already doing their best to stay afloat by fighting price increases and falling incomes, said the Dublin Chamber of Commerce last night.

But the capital’s commercial representatives criticised the latest decision by councillors to increase rates by 3.3%, insisting it would add to the burden facing companies, and could ultimately hit employees.