Household rates set to rise - Carmel Gates and Irwin Armstrong debate #BBCNolan

Around 7,000 households in Northern Ireland will face higher rates bills under a proposal from the Finance Minister Máirtín Ó Muilleoir. The proposal would see the most valuable properties in Northern Ireland getting charged higher rates. The Minister said it forms part of "the biggest shake up in rating policy in a generation." Currently if a house has a rateable value above £400,000 its rates bill is assessed as though it is valued at £400,000. The Minister is proposing to change the system so that rates are now levied on the portion above £400,000. That would raise around £4.5M for the Executive. Vinny spoke to Carmel Gates President of Trade Union NIPSA and businessman Irwin Armstrong.