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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: There are green shoots, but Chambers Ireland does not want people to walk on those shoots.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: It is a safer option for them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: I thank Mr. Talbot. Would a representative of the Small Firms Association like to comment?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: What is the general view of the association about its members' interaction with the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Has the organisation noticed that its members are looking to take on staff? It is clear that employment is growing. We are seeing green shoots, which is very positive. Is there any particular issue that would encourage employers - the Small Firms Association's members - to take on additional people?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: I compliment all of the organisations on the great work they do. First, I seek a quick response from each organisation on what is the bottom line in the budget for them. I realise they have had general discussions, but we might as well talk in plain language here. What is the bottom line for each organisation, taking account of the themes coming across at this meeting, which are child...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: I have a particular interest in what is being done on housing. I will ask the other groups to respond and then return to this issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: To return to the issue of housing, how many houses has Respond! Housing Association built in the past two years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: What was the number the association was typically building?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: What has been built since?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Turn-key houses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Let us boil it down to finances. With regard to the security issue, there is bridging finance for a period of time before the houses are built. Is there a security issue in that regard? How would that work? I presume these are private investors who would provide funding and they are looking for security. Is it for the existing housing stock? The local authorities have total charge.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: They will not share-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Are these tenant purchase schemes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Where is the issue arising? Normally, there are two sides to every argument. What is the reason being given? Is it new territory?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: In the limited time-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: Fr. Healy is not looking at this in an holistic way. The taxes that are paid are a combination of corporation tax, VAT - in many cases multinationals would not be paying this in terms of exports - PAYE and PRSI in respect of the people they employ. Can he see the model from which I am working with regard to jobs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: That is similar to tax.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (11 Sep 2013)

Kieran O'Donnell: I thank both groups for coming in. Dr. Healy's presentation proposes to take €500 million of the €3.1 billion from the promissory note. He proposes that €2.6 billion would come from the tax side. There is commonality between both groups regarding where the measures would come out of the budget. Will Dr. Healy give me the headline figures as to where that €2.6...

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