Oireachtas Joint and Select Committees

Thursday, 1 June 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Motor Insurance Costs: Minister of State at the Department of Finance

10:00 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

As I said in my opening statement, I am hoping to do this in July. I think three or four things will need to be tackled if this problem is going to be properly solved for businesses. Some of the things that are being done on foot of the motor insurance report - for example, with regard to the Personal Injuries Commission - will flow into the costs that are being paid for employers liability and public liability premiums. Our focus is now on business. A couple of things are having an impact on them. Significant change and serious buy-in will be required from the Oireachtas and the Government if we are to get these things done. One of the first things we will have to do is ascertain whether they can be done constitutionally. I will be in a better position to explain that when I come back in July. We will be clear on what we want to do and on the changes that might be required.

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