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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I thank the witnesses for coming here today and engaging with the committee. I propose we suspend for a moment to allow our next guests to take their seats.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I welcome Mr. Ed Farrell, chief executive officer of the Irish League of Credit Unions, ILCU; Mr. Kevin Johnson, chief executive officer of the Credit Union Development Association, CUDA; Mr. Tim Molan, Chairperson of the Credit Union Managers Association, CUMA; Mr. Seamus Boland, chief executive officer and Ms Sinead Dooley, Irish Rural Link; Mr. Harald Felzen, Savings Bank Foundation for...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I thank Mr. Johnson and I invite Mr. Molan to make his presentation.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I thank Mr. Felzen for his kind invitation. We will now have a question and answer session. We will start with Senator Humphreys.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: We will let Mr. Felzen answer directly because it would be easier.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Who would like to take that?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Does Mr. Johnson wish to come in?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Before taking his questions, I would like to say that Senator Reilly was a strong advocate for the Sparkassen Foundation's appearance before the committee.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I thank the Senator. Did Mr. Felzen manage to pick up some of those questions, specifically about overdraft rates?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I thank Mr. Felzen. I invite Deputy Neville.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I apologise. Deputy Neville can come in after.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: We have a vote but Deputies Collins and Quinlivan each have a question.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Deputy Neville had to leave because we have a vote.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: It was on size.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I have a couple of questions and then I will invite Ms Dooley to speak. I compliment the three credit union organisations. My family has had a long association with credit unions. As members know, I am from Waterford. My dad is no longer with us but he was one of the founding members and chairman of the Portlaw Ballyduff credit union. Recently, we have seen a lot of amalgamations. For...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Mr. Johnson referred earlier to the costs of running credit unions. Would credit unions be able to compete with the Sparkassen interest rates of 1% and 2%? In terms of credit unions expanding their portfolios to lend to SMEs, could they be competitive with interest rates if they got the go-ahead to do it?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Has anybody else a final comment to make?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: Is everyone happy? Mr. Molan, never let it be said that I excluded you.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Cost of Doing Business in Ireland: Discussion (Resumed) (30 Jan 2018)

Mary Butler: I thank you all for coming here today to engage with the committee. I thank the committee members. We started at 3 p.m. so I thank them for their time. This is the final in a series of meetings the committee has held on this topic. It is intended to produce a report this year and we would like to invite everyone back on the day we launch the report, if they would like to attend. That...

Written Answers — Department of Education and Skills: Teachers' Remuneration (30 Jan 2018)

Mary Butler: 242. To ask the Minister for Education and Skills his plans and the timeframe for pay restoration for primary and secondary teachers; and if he will make a statement on the matter. [4330/18]

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