Dáil debates

Tuesday, 12 April 2011

4:00 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)

During the recent election campaign the Taoiseach and his party stated clearly that State-supported banks would be prevented from passing on interest rate increases such as this to mortgage holders. Since then, of course, the Government has announced a further major increase in State support for the banks. Will the Taoiseach tell us what he is doing, as promised, to ensure that this interest rate increase will not be passed on to mortgage holders?

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