Upward only rent reviews to stay

THE Justice Minister has conceded defeat in his bid to draft a law to scrap upward only rent reviews and in doing so reneged on one of the most significant pre-election promises made to the business community.

Alan Shatter said “with considerable regret” the Government had abandoned plans to implement to deliver this law to assist struggling commercial tenants.

The decision was immediately branded a “betrayal” of commitments made by Fine Gael and the Labour Party to retailers before the General Election.