Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

We are on the matter of differential pricing, which, in effect, boils down in many cases to a new customer getting a better deal than is being offered to an existing customer who is keeping his or her business with that bank or insurance company. That is happening right now in parts of our banking system, although not all parts, and I do not want to tar all of the banks with one brush in respect of this issue. However, if we take that particular example, it is classic price differentiation.