£1m rates bill ‘will boost borough’

Thursday, 4 January 2018

£1m rates bill ‘will boost borough’ thumbnail

IT may have created a financial black hole in Antrim and Newtownabbey Council's finances, but it has been claimed that the £1 million rates rebate to Belfast International Airport could ultimately boost the local economy.
Graham Keddie, the Managing Director, knows a thing or two about flying high after a record breaking year - and he insists that this cloud will ultimately have a silver lining for local ratepayers.
Christmas dinners not withstanding, confirmation that BIA had been paying too much rates over a period of years has sparked frantic belt tightening along the corridors of Mossley Mill.
Spending commitments have been slashed and come February locals will be hit in the pocket when rates rocket.
But council's loss will not be the shareholders' gain at Belfast International. Quite the contrary, insists Mr Keddie.
This week he has told the Antrim Guardian that the cash, which totals £1.8 million, will be ploughed straight back into Aldergrove where it will it stimulate hundreds of new jobs - and millions in wages.
* Read the full story in this week's Antrim Guardian.


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