Results 14,421-14,440 of 16,537 for speaker:Brian Lenihan Jnr

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Under the legislation, it will come to me first.

Referral to Committee of Macro-economic Policy Lessons: Motion (8 Jul 2010)

Brian Lenihan Jnr: I move: That Dáil Éireann requests the Joint Committee on Finance and the Public Service, to consider the following Reports: — 'The Irish Banking Crisis: Regulatory and Financial Stability Policy 2003-2008', by the Governor of the Central Bank, and — 'A Preliminary Report on The Sources of Ireland's Banking Crisis', by Klaus Regling and Max Watson, which were laid before Dáil Éireann...

Written Answers — Pension Provisions: Pension Provisions (8 Jul 2010)

Brian Lenihan Jnr: I do not have full information requested by the Deputy. However, I do have some data on marriage gratuities which were normally paid to women who had to retire on marriage grounds provided they had the necessary qualifying service. The qualifying period was six years service before 1st January 1968 and five years service from that date. While I do not have data on the number of such...

Written Answers — Tax Code: Tax Code (8 Jul 2010)

Brian Lenihan Jnr: The air travel tax was one of a number of Budgetary measures introduced recently that was necessary in the context of an overall response to the fiscal challenges we face. I have stated before that I believe the impact of the tax on passenger numbers is being overstated, however, my officials will continue to monitor the impact of the tax.

Written Answers — Economic Forecasts: Economic Forecasts (8 Jul 2010)

Brian Lenihan Jnr: Yesterday my Department published a revised set of economic forecasts for 2010. In terms of the labour market, employment is forecast to fall by 4 per cent this year. A more comprehensive forecast, covering the period 2011 to 2014, will be provided in the Pre-Budget Outlook in the autumn.

Written Answers — National Lottery: National Lottery (8 Jul 2010)

Brian Lenihan Jnr: Section 5 of the National Lottery Act 1986 provides that the surplus from the National Lottery may be used for the following purposes: sport and other recreation; national culture, including the Irish Language; the arts, within the meaning of the Arts Act 1951; the health of the community; and for such other purposes as the Government may determine. The following additional categories have...

Written Answers — Irish Horseracing Industry: Irish Horseracing Industry (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 83 to 85, inclusive, together. In a previous response to the Deputy on 30 June 2010, I was pointing out that there is a significant crossover between betting and horseracing. Horseracing needs betting; indeed it would be hard to imagine it surviving otherwise. While horseracing may be only one sport which punters bet on, it is still the main driver of...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (8 Jul 2010)

Brian Lenihan Jnr: I am informed by the Financial Regulator that it has not laid down new rules regarding capital requirements for credit institutions. However, in common with other jurisdictions, the Financial Regulator performed a stress test exercise in the first quarter of 2010 in respect of certain credit institutions covered by the Government guarantee. The results of this exercise were published as the...

Written Answers — Tax Code: Tax Code (8 Jul 2010)

Brian Lenihan Jnr: Mortgage Interest Relief for first time and non first time buyers is limited to the first seven tax years for which an individual has entitlement to the relief. The Finance Act 2010 provides for an extension of the relief up to the end of 2017 for those whose entitlement to relief was due to end in 2010 or after. Those who took out mortgages in 2003 would have seen their entitlement end...

Written Answers — Departmental Funding: Departmental Funding (8 Jul 2010)

Brian Lenihan Jnr: Details of the amounts awarded by my Department to organisations involved in social partnership for the years 2004 to date in 2010 are as set out in the following table. Under an EU funded NDP/CSF Technical Assistance Operational Programme in Ireland 2000-2006, funding was provided to ICTU. The intention of the funding was to enable the public sector to manage the Public Private...

Written Answers — Financial Services Regulation: Financial Services Regulation (8 Jul 2010)

Brian Lenihan Jnr: The Deputy will be aware that all of the recommendations in the Interim Report by the Mortgage Arrears and Personal Debt Expert Group (Expert Group) under the chairmanship of Hugh Cooney were agreed by Government on Tuesday 6th July 2010. These recommendations address the more straight forward issues which were uncovered by the Expert Group during the first phase of its review. The key...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the data available on the amounts of Excise, VAT and the Carbon Charge for the period 1 January 2009 to the end of June 2010, in respect of petrol and auto-diesel is set out in the following tables. It should be noted that the carbon charge in respect of petrol and auto-diesel is payable in the month after it is released for consumption so each...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 94 and 95 together. The taxes applying to auto-diesel and petrol are Excise, VAT and the new carbon charge. I am informed by the Revenue Commissioners that the percentage tax take on a motorist who spends €50 on diesel is 53.3%. This percentage is based on a sample price of €1.249 per litre. The percentage tax take on a motorist who spends €50 on...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 96 and 97 together. I am informed by the Revenue Commissioners that the tax take on a litre of auto-diesel and petrol selling at the stated prices is as follows: Commodity Price per Litre Excise & Carbon Content VAT Content Total Tax Content 1 Litre (Cent) (Cent) (Cent) (Cent) Auto-diesel 100 44.918 17.36 62.27 105 44.918 18.22 63.14 110 44.918 19.09...

Written Answers — Insurance Industry: Insurance Industry (8 Jul 2010)

Brian Lenihan Jnr: As the Deputy will be aware, on 15 April, the High Court appointed full time administrators to Quinn Insurance Limited (QIL). This followed QIL's decision to consent to the appointment made by the High Court on application made by the Financial Regulator (FR). The joint administrators have legal responsibility for putting the company on a sound commercial and financial footing. In this regard...

Written Answers — Departmental Bodies: Departmental Bodies (8 Jul 2010)

Brian Lenihan Jnr: Arrangements are being made for the establishment of an expert group under the Chairmanship of Mr Colm McCarthy of the School of Economics at University College Dublin. This group will be charged with advising the Minister for Finance on the proper stewardship of state assets and on opportunities for better use of assets in the public sector. The following Terms of Reference have been set...

Written Answers — Financial Services Regulation: Financial Services Regulation (8 Jul 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that issues concerning the recording of cash transactions have been identified in the course of an ongoing Revenue audit of the person referred to. As the issue is currently the subject of an ongoing examination the matter cannot be finalised at present.

Written Answers — Financial Services Regulation: Financial Services Regulation (8 Jul 2010)

Brian Lenihan Jnr: I have spoken extensively in this House on the supports which are available to those homeowners who find themselves in difficulty. These supports include the Code of Conduct on Mortgage Arrears, the Mortgage Interest Subsidy Scheme and the services provided by the Money Advice Budgeting Services. In addition at my request the Financial Regulator after consideration extended the moratorium...

Written Answers — Departmental Staff: Departmental Staff (8 Jul 2010)

Brian Lenihan Jnr: Retirement lump sums for civil servants are calculated on the basis of 3/80ths of salary per year of service, subject to a maximum of 11⁄2 times the salary on which superannuation benefits are based. Under the terms of the Public Service Agreement (PSA), pay reductions which took effect in January 2010 are currently disregarded for the purposes of calculating superannuation benefits....

Written Answers — Departmental Staff: Departmental Staff (8 Jul 2010)

Brian Lenihan Jnr: The Public Service numbers reported to my Department for the period 2007 to 2009 and for the end of the first quarter in 2010 are set out in the following table. 2007 2008 2009 2010 (Q1) Public Service Numbers (at end year)* 312,131 319,092 309,751 309,146 * Note that the above figures are on a whole-time equivalent basis, and are subject to revisions reflecting methodological changes and...