Dáil debates

Wednesday, 17 December 2008

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage

 

6:00 pm

Photo of Arthur MorganArthur Morgan (Louth, Sinn Fein)

I was not particularly upset by Government backbenchers applauding the Minister on budget day. The response of the backbenchers opposite reminded me of what used to happen on Hughie Green's programme "Opportunity Knocks" — which the Minister may be too young to remember — when someone at the front of the audience would hold up a sign proclaiming "Clap now", "Cry now" or "Laugh now". I did not find the response of the Government backbenchers on budget day at all enthusiastic.

I am of the view that it would be more patriotic to develop good public policy in order to assist families on lower incomes and those who need help most. While substantial numbers of shoppers continue to travel north, traditional traders in the North are not really enjoying the benefits of what is happening because their regular customers cannot get to their shops as a result of the traffic from the South. I am sure the major British retailers are enjoying what is happening because it is they who are really benefiting.

The Minister estimated that the loss to the Exchequer will be of the order of €227 million in a full year. I am of the view that this figure understates the position. The Department of Finance has not been entirely accurate in the context of projections it has made in recent times. We must, before it is too late, consider what happened. There is still time to turn matters around, particularly for those low income families who can least afford to be affected. Perhaps the Minister will reconsider the position.

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