Results 2,041-2,060 of 12,318 for speaker:Paul Murphy

Written Answers — Department of Health: Dental Services Provision (22 Nov 2016)

Paul Murphy: 446. To ask the Minister for Health if he will report on the provision of 24-hour emergency dental cover; if his Department has made any plans to expand the coverage of emergency dental cover; and if he will make a statement on the matter. [36153/16]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: I thank Mr. Masding for his presentation. Question No. 3 on page 15 relates to the €4 billion bailout for PTSB. The question is about how much has been repaid and how much will be repaid. When one adds everything together, which includes the deposit guarantee scheme, effectively the witness is saying the bank has repaid €2.6 billion of the €4 billion bailout. However,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: The fundamental point is whether it was good use of the public's money to spend more than €4 billion to keep Permanent TSB alive, as opposed to saving depositors and using those resources for society. Given the witnesses' position, they will have only one answer to that and I will not bother seeking it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: A brief one.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: I will return to the questions Deputy Sherlock asked about buy-to-let repossession. Permanent TSB has 672 voluntary surrenders and 56 repossessions of buy-to-let properties, which is a total of 728. How many of those cases involved the eviction of the tenants to achieve vacant possession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: Does the bank keep statistics on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: The State owns 75% of the bank. Has there been a requirement from the Minister for Finance or any representations from the State regarding policies relating to eviction of tenants in the context of buy-to-let repossessions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: That means, hopefully, no direct evictions. The number of owner-occupier mortgages in arrears is down 50% since September 2013. Part of that is the selling of approximately 5,500 mortgages to vulture funds. Do the witnesses have any idea what happened there? Is the question of whether they will evict tenants something the witnesses take into account when they are choosing to whom they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: Have the witnesses any idea what happened to those that were sold? They are implying that a bunch of them would be commercial property and so forth, but some of them could be connected residential.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: Another question relates to where the bank has repossessed properties. A common complaint many of us encounter is that when people see boarded-up houses they presume they are owned by the council, but often they are not owned by the council but by banks. Non-governmental organisations, NGOs, have said there is a process of repossessed houses lying empty for a period of time. Threshold told...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: From reading the figures it would seem that a lot of buy-to-lets are on tracker mortgages - that a disproportionate number of buy-to-let properties are on tracker mortgages versus owner occupiers. Is that accurate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: What if ECB interest rates rise, which they will do at some point? It is just a question of time. Will that create a knock-on problem for tenants in terms of buy-to-let mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: Richard Curran of the Irish Independentdescribed it as the great unexploded financial time bomb ticking away in Ireland waiting to be detonated by rising EC interest rates. If there were to be a significant rise in interest rates would many people with buy-to-let mortgages get into difficulties?

Ceisteanna - Questions: Programme for Government Implementation (23 Nov 2016)

Paul Murphy: 1. To ask the Taoiseach if he will report on the implementation of the programme for Government. [34862/16]

Ceisteanna - Questions: Programme for Government Implementation (23 Nov 2016)

Paul Murphy: The executive summary of the programme for Government states: "Our approach to governing will be clearly seen in how we address the issues of housing and homelessness". On that basis, would the Taoiseach agree that the approach of the Government to governing has been a disaster? One can compare the circumstances facing people dealing with the housing and homelessness crisis now to the...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 79:In page 63, between lines 1 and 2, to insert the following:“23. The Minister for Finance is to order a study to be carried out on methods of closing remaining loopholes and abolishing tax breaks currently availed of by equity funds, investment funds, financial vehicles and Real Estate Investment Trusts and is to report to the Dáil within six months of the...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: The Minister of State has responded by saying there is nothing to see here, there are no tax loopholes and there is no need for us to have a study. We are talking here about things that were set up to be, and are, tax breaks and tax loopholes. It is not an accident that Ireland has the 15th largest international financial sector in the world. We are talking about Panama on the Liffey. The...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 88:In page 67, between lines 21 and 22, to insert the following: “25. The Minister for Finance is to order a study to be carried out on methods to increase the corporation tax take from big business, including by doubling the rate of corporation tax for big business to 25 per cent and abolishing corporation tax breaks and is to report to the Dáil within six...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: To be honest, I do not accept the connection of corporation tax with growth and jobs, etc., in the very clear way that the Minister would like to put it forward. Mr. Michael Burke, an economist in Britain who writes often enough about Ireland, did an amount of research on this, including the relationship between corporation tax rates and growth. He concluded there is no effective...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: The proof of the pudding is in the lack of an indigenous manufacturing and industrial base in this country. It is a failure. Brexit, Mr. Trump and a few international developments could come along and wipe out the entire strategy overnight. It is not a way to develop an economy in a sustainable way. Unfortunately, the chickens will come home to roost and I am not sure the Government has...