Businesses claim cut in rates will save jobs

BUSINESS leaders in Cork have called for a cut in commercial rates to help secure jobs.

Cork Chamber also urged both Cork City Council and Cork County Council to ring-fence 5% of rates revenue for economic stimulus measures.

Chamber president Ger O’Mahoney acknowledged the “distressed financial situation” facing the councils but he said they have not taken enough notice of the “equally distressed finances” facing rate payers.