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Seanad: Budget 2017: Statements (11 Oct 2016)

Gerry Horkan: Proper order.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: I join most of the previous speakers in thanking Mr. Dalton for all the work the CSO does. I spent 12 and a half years on a local authority and we were always waiting for movements in population and information as to where we would either gain or lose territory, which is all dependent on population.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: Exactly. One means the other. The morning the CSO's statistics on the population came out, it was the first topic raised in the Seanad because quite a number of Senators were aspiring to reclaim seats or considering territory where they might have a better chance the next time than the last time because of the CSO's figures. Regarding compliance rates and response rates, I do not doubt...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: I take Mr. Dalton's point about confidentiality and not being allowed to divulge information that would identify people, but is it fair to say that the 75 companies are all companies of foreign origin, or are indigenous Irish companies, as we would understand them, among the 75?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: Senator Conway-Walsh referred to motor insurance. Perhaps Mr. Dalton has already answered in speaking about the working group and so on. The entire thrust of our discussions over six or seven days about motor insurance was the lack of available data. Every witness who appeared before the committee said that he or she was giving enough data or that the data were there. Would it be within...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: We have had quite a lot of discussion about GNP, GDP and net national income. When I studied first year economics there were differences between GNP, GDP and foreign multinationals. It has got more complex. Mr. Dalton mentioned the shift in GDP was 26% in 2015. It is reasonable to say that if the debt-to-GDP ratio is being spoken about and lauded as falling, it is also falling because GDP...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: Exactly, so it is fair to say it is the case. With regard to the concerns about EU scrutiny, is there anything the CSO wants us to do as legislators or committee members? The CSO has expressed its concerns.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: In terms of how data are collected and the new EU measures and various new surveys.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Gerry Horkan: It is fair to say that in a small open economy like Ireland's, where so much of our activity is internationally traded, be it goods or services, GNP and GDP effectively are not fit for purpose in terms of being the figures with which we should assess our performance.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: Yes, I know the Minister is under time pressure. Many of my questions have already been answered. Has the banking sector or have individual banks lobbied or contacted the Minister or his officials about this legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: Did the banking sector lobby the Minister or his officials about this legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: Senator Conway-Walsh, you have some questions you would like to put to Deputy McGrath.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: We have just heard the views of the Minister for Finance on the Bill. We will now hear from members of the Fair Mortgage Rates Campaign, who have been campaigning on this issue. I welcome to our meeting Mr. Brendan Burgess, Mr. Stefan Goor and Mr. Conor McNally from the Fair Mortgage Rates Campaign. I thank them for attending and I apologise as we got a little delayed earlier with the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: Let me remind Mr. Goor in respect of privilege not to mention anyone or any particular incident that makes a person identifiable. He cannot talk about an individual branch or entity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: Would it be fair to say Mr. Burgess would prefer if the legislation were not needed as opposed to saying he would prefer not to see it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: On 17 November, Bank of Ireland's representatives will come before the committee and we might put it to them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: To be fair, the purpose of the meeting is to engage in pre-legislative scrutiny of the particular Bill.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: We will bring in representatives of all of the banks in the next few weeks. Perhaps the question-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Gerry Horkan: Unless any other Senator is interested in contributing, I thank Mr. Burgess, Mr. Goor and Mr. McNally for attending and assisting the committee.

Seanad: Order of Business (25 Oct 2016)

Gerry Horkan: I wish to raise the issue of the withdrawal of Association of Secondary Teachers in Ireland, ASTI, members from supervision and substitution duties. Effectively, what this means is that the vast majority of voluntary secondary schools in the country will not be able to continue to operate after the mid-term break, which ends on 7 November. The vast majority of the voluntary secondary...

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