Results 12,141-12,160 of 16,537 for speaker:Brian Lenihan Jnr

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: To encourage those who want to buy a house over the next three years, I will provide that qualifying loans taken out before 1 July 2011 will continue to get relief at current levels for seven years, and transitional arrangements will apply to loans taken out in the subsequent 18 months at a reduced level and duration. It is my intention to abolish mortgage interest relief entirely by the end...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: The review of investment priorities which will shortly be published will also provide for continued substantial investment in flood relief. The Government is keeping this situation under review and will commit further resources as required. STIMULATING THE ECONOMY TO HELP SUSTAIN AND CREATE JOBS Those in business understand the connection between fiscal sustainability and business confidence...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: We must invest in every sector to create jobs and secure sustainable growth. Today, I am announcing a number of stimulus measures to aid the economic recovery in the short term and help ensure sustainable growth for the future. Supporting the Retail Sector: VAT and Excise Changes Our retail sector has been battling a steep currency depreciation on its doorstep. The main reason for the...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: The reductions will be as follows: 12 cent per pint of beer and cider; 14 cent per half glass of spirits; and 60 cent per standard bottle of wine.

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: All of these reductions are VAT inclusive. I expect the drinks industry to play its part in making the cost of alcohol more competitive. If I find this reduction has not been passed on to the consumer, I will reverse today's reduction.

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: In response to many calls on all sides of the House, I have looked again at the standard rate of VAT and I have decided to reverse the 0.5% increase imposed in October 2008. This measure will take effect from 1 January 2010 and is estimated to cost €140 million next year. I have decided not to make any changes to excise on tobacco in this budget because I believe the high price is now...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: The scheme will have the environmental benefit of removing some older, potentially less safe and polluting vehicles from the road. Details of the scheme are provided in the summary of budget measures. Getting Credit Flowing In light of the massive State commitment to the banking sector, I am determined that there will be a return to the taxpayers of this country in the form of credit which...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: -----and this Government has not hesitated to offer this crucial sector support where it was most needed. We responded rapidly to the pig dioxin crisis last year, where we provided some €200 million to save that industry and the jobs within it. We have made a large investment in agricultural infrastructure through the farm waste management scheme. We remain committed to supporting an...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: Investment in visitor attractions will be increased threefold to €22 million. As an imaginative initiative to increase tourism numbers next year, Iarnród Éireann has agreed to participate in a new scheme, to be developed by Fáilte Ireland, aimed at senior citizens visiting Ireland from abroad. This group will be offered vouchers for greatly discounted rail travel throughout Ireland....

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: Yes, we have endured a traumatic 18 months.

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: The speed and ferocity of the recession has knocked us off our stride but the innate advantages that brought us the boom have survived the downturn. We have taken a step back-----

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: -----but we have in place a plan to take us forward on the path of sustainable economic growth. That plan is working. Unemployment will not be as high as previously forecast, our tax receipts have begun to stabilise, consumer confidence is beginning to revive and our export figures are the healthiest in Europe. As we begin to emerge from the unrelenting economic gloom of the last 18...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: Now more than ever, we need that confidence on which business and work thrives. The measures contained in this budget, some of them unpalatable, will engender that confidence. We have taken the hard decisions but we have been fair. We have preserved the real value of social welfare for those most in need. We have protected older citizens. We have reduced the cost of public services. We...

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: We have cut taxes to protect jobs in retail and tourism. We have maintained significant investment spending to promote future growth. We have announced measures to save jobs, stimulate employment and protect the environment. Our plan is working.

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: We have turned the corner. I commend this Budget to the House.

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: It has been adopted.

Budget Statement 2010 (9 Dec 2009)

Brian Lenihan Jnr: That is because it never happened.

Written Answers — National Lottery Funding: National Lottery Funding (9 Dec 2009)

Brian Lenihan Jnr: The National Lottery surplus is allocated to a number of Government Departments in the context of the annual Estimates process. The copies of Appendix 1 of the Revised Estimates for the Public Services in each of the years 2007 to 2009, set out below, give a breakdown by Department of subheads which were part-funded by the surplus from the National Lottery. The total outturn for all...

Written Answers — Departmental Bodies: Departmental Bodies (9 Dec 2009)

Brian Lenihan Jnr: The information requested by the Deputy is outlined in the tables below. Table A lists the State Bodies under the aegis of my Department in receipt of Exchequer funding and their Budget allocation for 2009. Table B lists other State Bodies under the aegis of my Department not in receipt of Exchequer funding and as such information on budgets is not included. Table A Body Budget for 2009...

Written Answers — Financial Services Regulation: Financial Services Regulation (9 Dec 2009)

Brian Lenihan Jnr: The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter based on the assessment an insurer will make of the risks involved. This risk assessment process which insurance companies apply is essential if a company is to be able to provide its services over the longer term and continue to remain solvent. Unfortunately, this means on...