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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I want to speak on amendment No. 16. The Minister knows well at this stage our issue with the help to buy scheme so our opposition to this will not come as any surprise to him. As the Minister is aware, the scheme was introduced as a temporary measure in 2016 with an estimated cost of €130 million over two and a half years.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I apologise; section 5 does not have amendments. This is an amendment to section 16 grouped with an amendment to section 6.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: No, wait-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I will speak on the amendments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Yes, and amendment No. 16. The scheme was introduced as a temporary measure in 2016 with an estimated cost of €130 million over two and a half years. Revenue statistics showed that 23,149 claims for help to buy had been made by the end of 2020 with an estimated cost of €370 million. This is almost three times the amount originally anticipated. Of the 23,149 claims...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: It is my understanding that if it is an amendment, I can comment a second time but that is not the same for a section. Am I correct?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I am learning as I go along. The Minister can say that he has an issue with our philosophy but I have an issue with his record and the records of this Government and that which preceded it. The Minister can say that Sinn Féin does not support people buying their first home. His party has been in government, however, and many people have been locked out of home ownership. Not only do...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I absolutely will.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: There is not, but Deputy O'Donnell responded to what I said.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: But you let him-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I do not want to discuss this matter.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I wish to make a point about the section and how the scheme is managed. The Minister is more than capable of responding to what I said so it should not be a situation that when Deputies comment I cannot defend myself.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: The amendment is that it be deleted.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I do not. Níl. Can I press it to a vote?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Section 5 relates to the help-to-buy scheme. I will bring the amendment back on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: No, just a vote here with Members present saying tá agus níl.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: The Vice Chairman cannot be fooled.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I want a vote and I oppose section 5.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Yes.

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