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Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Terry Leyden: Thanks be to God, I have it.

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Terry Leyden: My contribution is relevant to finance.

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Terry Leyden: When one is financed from the USSR-----

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Terry Leyden: I wish I had more time. Former Minister De Rossa gave a £1.50 increase in pensions. That is the point I am making. Fianna Fáil Ministers such as the Minister, Deputy Hannifin, or the Minister, Deputy Ó Cuív, gave dramatic increases and people appreciated it. Would anybody be delighted to lose money? The answer is "No", because nobody wants to lose money. The decision on section 23...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Terry Leyden: That was an excellent speech.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: First, it is great to have the Minister here this morning. He is giving this House significant recognition by attending personally on a Saturday morning.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: We have a busy schedule and I thank him for being here. I hope he has considerable patience.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: Of course.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: I will have no problem in rising to the occasion.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: As an apprentice to the Minister's late father,I was well trained. In the budget the Minister provided for the provision on section 23 relief and he has re-examined it. I welcome that. That is productive. He did not bulldoze through this provision. He could have, because it would have gone through the House, but he listened to the views on the effect of removing this without a...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: It looks, electorally, that Fine Gael and Labour will remove section 23 relief when they get in.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: They will cut it.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: I will speak to it now. I want to give the House a little background as well.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: I apologise.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: On section 23 relief, I want to speak-----

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: I want to make this clear too. I do not have a vested interest in this. I do not claim section 23 relief. I want everybody in this House when they get up to clearly state whether they have availed of section 23 relief, "Yes" or "No". I never have. On the Shannon corridor, which enjoyed section 23 relief, the benefits that relief brought to Longford, Leitrim, north Roscommon and south...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: This is related; of course, it is.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: I welcomed the extension of the seaside resort scheme by the then Minister for Tourism and Trade, Deputy Kenny. That will be evaluated, but let us see what was achieved in that regard as well. In summary, the background was that in 1992, when my party was in Opposition, we came up with this concept, TDs, candidates and councillors went along with this, and we got a tremendous result. To...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Terry Leyden: However, I welcome the cost-benefit analysis idea. Certainly, I cannot vote for it because I do not want to embarrass the Opposition parties.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Terry Leyden: The Dáil will not be in existence.

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