Oireachtas Joint and Select Committees

Wednesday, 16 November 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Select Committee

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I welcome that. I assume, although one can never assume anything, the Minister is looking at the fact that he has reduced the levy from €150 million to, as far as I understand it, €87 million and that this may be a signal that we could be looking at a larger take from the levy given that the profits and assets, and, indeed, liabilities and deposits, have remained within the Irish banking system. If that is the intention of the review, it is to be welcomed.

I reiterate the point that this is one of the areas which can contribute towards the high cost of dealing with the mess of an era during the greed of the Celtic tiger where Governments allowed for a sustained period of no or light-touch regulation in the building sector. There are so many victims as a result, unfortunately, in my home county and elsewhere.

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