Dáil debates

Tuesday, 9 October 2012

3:35 am

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

The Taoiseach committed to forcing the banks to forgo a 0.25 basis point rise through savings in administration costs. That was included in the programme for Government, but the Government has done absolutely nothing about this either.

Both the Labour Party and Fine Gael have been silent about it. What is the Taoiseach's strategy? Does he accept that the differential between tracker and standard variable rate mortgages is unacceptable and places a disproportionate burden on standard variable rate mortgage holders? What does he propose to do about it?

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