Results 9,281-9,300 of 16,537 for speaker:Brian Lenihan Jnr

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: The report prepared by Dr. Bacon for the NTMA has been passed to me and it will inform the Government's ongoing considerations——

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: ——involving the Financial Regulator, the Central Bank, the NTMA and its legal and financial advisers.

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: Let us be clear on one point. Deputy Burton has a choice with regard to the future of the country. We have a banking system in place.

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: Deputy Burton chose to oppose the guarantee given to the banks last September——

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: ——because she wished to continue to talk out of the side her mouth.

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: Deputy Burton wished to talk out of the side of her mouth about bail-outs and such matters and what she would not agree to do——

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: ——unlike the Fine Gael Party which took a very responsible attitude on that occasion. She decided to play politics with the Irish banking system. Her voice resonates around the world——

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: ——but I can tell her she does nothing but damage with the comments she has just made.

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: There is no bail-out of the banks. The Deputy has now accused me of corruption on the floor of the House. How dare she? Let her repeat it outside the House.

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: Nothing I have ever done in public life characterises that kind of comment.

Pre-Budget Statements (Resumed) (25 Mar 2009)

Brian Lenihan Jnr: The report prepared by Dr. Bacon has been passed to me and will inform the Government's ongoing considerations involving the Financial Regulator, the Central Bank, the NTMA and its legal and financial advisers. Structurally, reform is needed in the regulatory and supervisory system. I will announce in more detail the sweeping reforms that will be introduced in due course but they will...

Written Answers — Tax Code: Tax Code (25 Mar 2009)

Brian Lenihan Jnr: The Deputy will be aware that a revised VRT system for Category A vehicles was announced in Budget 2008 and came into effect on 1 July 2008. I have no plans to change the criteria in relation to the VRT categories at this time.

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (25 Mar 2009)

Brian Lenihan Jnr: As part of the recapitalisation package announced on 11 February, Allied Irish Bank and Bank of Ireland reconfirmed their December commitment to increase lending capacity to small and medium enterprises (SMEs) by 10% and to provide an additional 30% capacity for lending to first time buyers in 2009. If the mortgage lending is not taken up, then the extra capacity will be available to SMEs....

Written Answers — Insurance Industry: Insurance Industry (25 Mar 2009)

Brian Lenihan Jnr: I presume the Deputy is referring to Homebond who provides structural defect cover for certain new homes in association with the Construction Industry Federation. The Financial Services Ombudsman (FSO) deals with consumer complaints about financial service providers. The Homebond Insurance Scheme is regulated by the Financial Regulator and a consumer can contact the Financial Services...

Written Answers — Banking Sector Remuneration: Banking Sector Remuneration (25 Mar 2009)

Brian Lenihan Jnr: The remuneration packages of the top executives in the six banks referred to in the Deputy's question are listed in the annual accounts for each institution. The Deputy will be aware that I recently published the report by the Covered Institution Remuneration Oversight Committee (CIROC) which recommended reductions in prevailing base salary, bonus and pension levels for chief executives,...

Written Answers — Tax Yield: Tax Yield (25 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the amount collected in VRT in February 2009 and the comparable figures for 2006, 2007 and 2008 are set out in the following table. The figures provided in relation to 2008 and 2009 are provisional at this juncture. The fall in VRT yield in February 2008 compared to February 2007 arose mainly from a change in the method of accounting for VRT...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (25 Mar 2009)

Brian Lenihan Jnr: Generally mortgages are for long periods. To some consumers a fixed interest rate on a mortgage offers peace of mind in that the borrower benefits from certainty regarding the cost of the mortgage, does not need to be concerned with changes in mortgage interest rates and accordingly, can budget more confidently. Anyone taking a fixed rate mortgage knows that they are ensuring certainty for...

Written Answers — Pension Provisions: Pension Provisions (25 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 99 and 105 together. Under statutory pension schemes and pension schemes approved by the Revenue Commissioners there is no liability to income tax in respect of retirement gratuities or lump sums paid to members of such schemes on retirement. Provided the employees and individuals referred to in the questions are members of such a scheme and the lump sum...

Written Answers — Arts Funding: Arts Funding (25 Mar 2009)

Brian Lenihan Jnr: Anglo Irish Bank is being run on an arm's length commercial basis. Accordingly, normal commercial decisions, which include decisions on corporate sponsorship, are a matter for the Board of Anglo.

Written Answers — Tax Yield: Tax Yield (25 Mar 2009)

Brian Lenihan Jnr: As the Deputy is aware, the 0.5% increase in the standard VAT rate from 21% to 21.5% was introduced in the 2009 Budget as part of a general package of revenue-raising measures to fund key public services. The UK Government, as part of a fiscal stimulus package, then reduced their standard VAT rate from 17.5% to 15% on a temporary basis with effect from 1 December 2008 to 31 December 2009. It...