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Written Answers — Department of Health: Covid-19 Tests (4 Mar 2021)

Neasa Hourigan: 196. To ask the Minister for Health if the costs of antigen tests are covered by the temporary assistance scheme for nursing homes; the supports in place to help cover the costs of antigen tests in nursing homes; and if he will make a statement on the matter. [12232/21]

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: I apologise if my question has already been asked already but I have been attending a meeting of the Joint Committee on Disability Matters. I will try to be quick because I know many Deputies want to speak after me. I have a question about the First Citizen Finance account. It received a €40 million facility in May 2016 that was repaid in October 2018. The cost of that was...

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: Is it the SBCI's position that it recouped the legal and assessment costs from First Citizen Finance?

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: Similarly, I would be interested in whether we recouped the Merrion Fleet costs because the increase in costs seems considerable.

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: For clarity, what would trigger a due diligence process in that context?

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: In the case of Permanent TSB or any bank or financial institution taking over the Ulster Bank loans, is there a specific parameter that the SBCI has that would trigger a due diligence process?

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: What does the SBCI's consent hinge on?

Public Accounts Committee: Strategic Banking Corporation of Ireland: Financial Statements 2019 (9 Mar 2021)

Neasa Hourigan: That is not especially clear to me.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: Apologies have been received from Deputies Michael Healy Rae and Ged Nash. The committee today will be engaging in ex antescrutiny of the stability programme update report. We will now allow the witnesses to join the meeting. The committee will be engaging with the representatives from the Economic and Social Research Institute, ESRI, to discuss the current economic and fiscal situation and...

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: I thank Dr. McQuinn. I call Deputy Lahart.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: Nine minutes, but we will give latitude to members if the conversation is interesting.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: I call Deputy Canney.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: I thank Deputy Canney. I had intended to ask a different question first, but as we discussing labour costs and the medium term, I will follow up on the issue raised by Deputy Canney. The ESRI recently published some work on the minimum wage which related to the 2016 change. It showed that in 3% of firms it led to higher costs, but in around 90% of firms it did not. The programme for...

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: What percentage does the ESRI consider a large increase? I would like to get a sense of what we are talking about.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: Okay.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: To move to a slightly different area, in July last year the ESRI published its study on the environmental and economic impacts of Covid-19 on the Irish economy. From an environmental perspective, some of the findings were interesting. One of the main findings was that the results implied that: "[A]lthough lower energy prices will boost energy demand, the impacts of decreased energy demand...

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: I do not know if the ESRI has knowledge of whether there is a complication in terms of estimating the reduction in domestic emissions, as opposed to business or industry-led emissions.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: Deputy Boyd Barrett is out of time, but I suspect we will have time for another round.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: We have time for a second round so I ask members to indicate if they wish to speak by raising the hand function on their screens. I will try to keep them to four minutes for each question. Deputy Boyd Barrett is quick off the mark.

Committee on Budgetary Oversight: Stability Programme Update: Economic and Social Research Institute (9 Mar 2021)

Neasa Hourigan: I might come in with a quick question myself in four minutes. We will have time for the Deputy. I want to go back to the issue of recovery. In the next 12 to 14 months, this committee in particular will try to get to grips with a very febrile situation when it comes to macroeconomic forecasting. What do the witnesses think the outlook is for SMEs, particularly domestic SMEs, in terms of...

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