Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

As the Deputy said, there is no single policy intervention. There is going to a big bang. I am well aware of the effects the issue is having business by business.

In terms of what kind of work is happening at the moment, the Deputy will be aware of the work that the Minister of State, Deputy D'Arcy, is doing on the book of quantum. Recently the Minister of State met underwriters on this issue and he spent much of the summer engaging with insurance providers to see how we can make progress.

In an earlier debate that we had, I was asked if there was a budgetary policy on this matter. The question that I would have to be satisfied with is how a levy or additional taxation would address the issues the Deputy referred to, given we already have a number of levies in place in the insurance sector.