Results 22,101-22,120 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Paddy Burke: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Paddy Burke: I agree with the Chairman that the EBS should send further documentation to the committee and we will take it from there.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Discussion Paper on Taxation: Deputy Marc MacSharry (28 Jun 2018)

Paddy Burke: I welcome Deputy MacSharry. This is a very good discussion document and I compliment him on bringing it forward. I am not so sure why he threw in the knowledge box because I believe only a handful of companies have availed of this and only €5 million or €6 million have been paid in corporation tax, so it would not make much of a dent in the €1 billion that this is going...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Discussion Paper on Taxation: Deputy Marc MacSharry (28 Jun 2018)

Paddy Burke: This is a very good discussion document but I would not be competent to make too many remarks on it because social welfare and taxation are two very big areas and there are many schemes. I am delighted the Deputy has brought forward a paper for discussion that brings all those together. I would welcome the amalgamation of more of these schemes. When one looks at schemes and brings them...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Discussion Paper on Taxation: Deputy Marc MacSharry (28 Jun 2018)

Paddy Burke: What the Deputy is saying is that with the €1 billion potential cost, and if there was a commitment given of €100 million or €200 million in year one or year two, he would change the whole system over a period of time. Is that what the Deputy is really saying?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Discussion Paper on Taxation: Deputy Marc MacSharry (28 Jun 2018)

Paddy Burke: I wish the Deputy well with this and believe it is a very good document for discussion. Where the Deputy goes from here, I do not know.

Seanad: Data Sharing and Governance Bill 2018: Committee Stage (Resumed) (3 Jul 2018)

Paddy Burke: On section 49, can I ask the Minister of State what is the objection to members of local authorities being members of the board? In most cases where legislation is being brought forward which puts boards in place, we see Members of the Oireachtas being automatically disqualified.In most cases, as we know, so are members of local authorities. There is great experience in local authorities....

Seanad: Data Sharing and Governance Bill 2018: Committee Stage (Resumed) (3 Jul 2018)

Paddy Burke: Next Tuesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: I welcome Ms McDonagh and her staff. Most of the questions I wished to ask have been answered. How many refusals of small and medium enterprises have been referred to the credit review committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: Approximately 50% of the 300 appeals have been upheld.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: That is a very small percentage of the overall number of applications.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: Is there a need for the credit review committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: On mortgages, all present know that there is a significant housing problem which will be difficult to solve. Has the bank considered offering 40 to 50-year mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: The longest mortgage currently available from Bank of Ireland is repayable over 30 years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: There have been huge changes in employment practices such as five-year contracts, career breaks and so on. As a house will last more than 20 or 30 years, having a 40 or 50-year mortgage would be a good idea. I am delighted that the bank may introduce a 35-year mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: On the cost of housing, particularly in Dublin, which is very expensive, has the bank looked at the cost of developments? New building regulations have increased the cost of building a house, but wages have been relatively static in recent years. People are finding it difficult to get a mortgage to cover the cost of a new home or to meet mortgage repayments. Has the bank considered how the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: Some developers have recently had problems in securing funding. I am delighted to say Bank of Ireland has recently funded many developers. Mainstream banks do not seem to be funding developers to the same extent as previously; rather, developers are sourcing capital from funds to bankroll developments. In the past some developments were not completed. Individuals with mortgages for houses...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: A developer may only be able initially to fund 10% of the cost of development of 100 houses and must sell those ten houses before building the next stage of the development. That practice has led to problems in developments not being properly finished.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)

Paddy Burke: Must a developer have the equity in cash or may it be in a different form?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Contractual Arrangements for Public Sector Infrastructural Projects: Discussion (5 Jul 2018)

Paddy Burke: There is a vote in the Seanad.