Rates hike will push struggling Cork traders towards closure, warns business lobby

Former Lord Mayor Mick Finn said a 3% rates increase would 'sound the death knell' for small traders

The Cork Business Association said: 'Small businesses are grappling with immense pressures from rising costs, including energy, materials, and wages. A further increase in commercial rates could push more businesses towards closure.'

Any hike in Cork’s commercial rates will push already struggling traders towards closure, the city’s business leaders have warned.

The Cork Business Association (CBA) issued the warning as it urged councillors to explore alternative measures to balance the city council’s 2025 budget without disproportionately impacting businesses.