Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I thank the Deputy. This is my political priority. It is incredibly important for people throughout the country. Despite the gains being made in the economy at present through tax reductions and people getting back to work, people are not feeling it in their pockets because they are experiencing this rise in insurance premiums. It is hitting every aspect of the economy, including tourism, hauliers, health care and small and medium enterprises. There is a wider economic issue here and it speaks to competitiveness as well. Of course, we must manage expectations. It is a complex issue that will involve a complex policy response. We will not be able to solve it overnight but we are working day and night to try to get to the bottom of it. I am anxious that we take a consensus approach. There is no point in me coming to the Dáil with a group of measures we think will work if the other parties do not agree. We will pursue it by consensus and that is why the help from the finance committee is so welcome.

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