Billy Kelleher (Cork North Central, Fianna Fail) | Oireachtas source

Some 70,000 variable rate customers of AIB face another mortgage hike of 0.5% on top of a previous rate rise of 0.5%. There is a paragraph in the programme for Government directing any mortgage provider in receipt of State support to present Government with a plan of how it intends to cut its costs, over and above the existing plans and in fair manner, by a sufficient amount to forego a 25 basis point increase on the variable rate.

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