Results 14,141-14,160 of 32,583 for speaker:Richard Bruton
- Written Answers — Department of Jobs, Enterprise and Innovation: Departmental Reports (16 Jul 2015)
Richard Bruton: My Department is currently at an advanced stage in finalising the Department’s Annual Report for 2013 and I expect this will be published in the 3rdQuarter 2015. Following publication of the 2013 Annual Report, work will urgently commence to prepare the 2014 Annual Report, with a view to publishing it before the end of 2015.
- Written Answers — Department of Jobs, Enterprise and Innovation: Job Creation (16 Jul 2015)
Richard Bruton: The goal of this Government has been to replace all of the jobs lost during the economic crisis and deliver sustainable full employment by the end of 2018. This whole of Government effort has been integrated into the Action Plan for Jobs process which aims to strengthen the enterprise base, support entrepreneurship and start-ups, regain Ireland’s lost competitiveness and ensure the...
- Written Answers — Department of Jobs, Enterprise and Innovation: Job Creation (16 Jul 2015)
Richard Bruton: I propose to take Questions Nos. 300 and 301 together. In general, the Government’s approach to supporting job creation at regional level is through the new Action Plan for Jobs: Regional initiative. Since the start of the national Action Plan for Jobs process in 2012, employment across the economy as a whole has increased, and has exceeded the Government’s initial target of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Well, thanks very much, Chathaoirligh. And, first of all, can I just thank you for the invitation, and thank your members for, I mean, what is a truly enormous amount of work, which your members on the committee and you on the Chair are putting into this. I suppose just a few high level things. I think it's always been Fine Gael's view that to deliver enduring growth and living standards...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Well I don't have the detail but from what you describe yourself, it would appear that some project who was very close to the deadline of a relief had a planning arrangement-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: No, the phone is on airplane mode.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: In 2004 my ... I mean, I don't have the document to which you're referring but from what you describe of it, it would appear that there was some projects coming to the end of a period and there were some projects who were in planning and there was an issue of could they, you know, complete their planning within the terms of the scheme? And naturally that is something that, you know, is...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Yes, there was an individual case which had been in a planning process and had got into some sort of difficulties and wasn't able to make the deadline and the case was whether an extension could be allowed to ... There was a legitimate expectation, I suppose, that the project was built on the basis ... was being developed on that basis. And it was in an area that needed such support and it...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: No, this was an issue-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: No.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Yes, I think like ... I obviously have to go back and see, but I see one statement I had at the time, €118 billion increase in Irish indebtedness in two years. This was the start of 2007.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: This was on foot of "the Central Bank's monthly statistics for last December reveal that in two years alone Irish residents have increased their indebtedness by €118 billion".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: It was on the back of the then report of the Central Bank but I think over the period of, you know, throughout the period, you know, banking, lending, financial regulation was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Yes, throughout that period, I mean, the concerns... as you know, at least as the Taoiseach has outlined, in 2002 we were very unhappy with the Central Bank and financial regulation structure, that we didn't believe it was fit for purpose. Those concerns continued right through 2004, 2005. You had a number of cases where the banks were not compliant with their obligations. The banks were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Well clearly it was never enough in the sense that the banking system was highly exposed. The Central Bank itself, as you know, in their stability reports of 2005 and 2006, they highlighted the vulnerabilities that were there, the excessive growth in credit, the excessive reliance on property, the excessive reliance on overseas funds. But none the less, they concluded, the Central Bank and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Well, as, as you say, you know, in retrospect, due diligence of economic expectations wasn’t strong enough but political parties weren’t the source of forecasts and no political party would be credible in offering our forecast of what’s happening to the economy. So, we relied on the Department of Finance and ESRI forecasts. Clearly, in retrospect those forecasts were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Well, our current spending was forecast over the period to be grow at 8%, GDP was growing at 4% and the, the policy rule we had had, as going back to 2002, was nominal growth in GDP plus 2 points-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: Well obviously, between 4.2% and 8% you had inflation, which was running around two and you had the 2% margin. So, we, we projected in line with the policy that we had pursued back in 2002 and was consistent that growth should ... that growth in public spending could be somewhat higher but have to be within the pattern with growth of the economy. What had been going ... in the years prior...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: So we, we said, you know, we ... and that was locking first-time buyers out of the market, it was becoming an excessive source of, of, of reliance-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Richard Bruton: I beg your pardon, sorry.