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Committee on Budgetary Oversight: Commission on Taxation and Welfare Report: Discussion (25 Jan 2023)

Mairéad Farrell: That automation would be brilliant. I know from people coming into my clinics that people have no idea what they can get and are entitled to.

Committee on Budgetary Oversight: Commission on Taxation and Welfare Report: Discussion (25 Jan 2023)

Mairéad Farrell: I have heard the professor's views on the jobs guarantee. That is something I am interested in. If anyone else would like to say something on it, I am interested.

Committee on Budgetary Oversight: Commission on Taxation and Welfare Report: Discussion (25 Jan 2023)

Mairéad Farrell: It is just because we were talking about UBI that I thought I would ask. It is okay. We can move on.

Committee on Budgetary Oversight: Commission on Taxation and Welfare Report: Discussion (25 Jan 2023)

Mairéad Farrell: That is perfect. If anyone else wants to come in on that, that would be fine. My slot has gone on and there are other speakers to come. I need to pop out so I will leave it at that and come back.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: This has been a very interesting meeting. The discussion on crypto was particularly fascinating. I have heard friends talking about crypto and have listened nervously sometimes. I will start with a question on Revolut. The Central Bank may be aware of a scam that some people fell foul of before Christmas involving Revolut. Obviously that is a matter for An Garda Síochána...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: Does Mr. Makhlouf think there is a need for that kind of discussion at this point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: That is interesting. I will touch on the issue of interest rates, and I know we have already discussed it at length. I saw that the Chief Economist of the ECB, Professor Philip Lane, recently said that interest rates need to reach restrictive territory this year. Reuters did a poll among economists on this and they broadly said what the Central Bank said today; there is a consensus that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: What is the Central Bank's modelling saying about the chances of recession in 2023?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: I want to ask a question on that. We saw the Business Postreport last weekend that up to €10 billion could be wiped off the value of commercial property here this year due to rising interest rates and weakening demand. How will that impact the economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: Section 110 is an issue I have been raising for a long time, even before it became popular and was discussed, which I was happy about. At budget time the then Minister for Finance announced a review of section 110 companies. I saw recently that both the Dublin Inquirer and The Currencydid a collaboration showing that section 110 companies are once again being used for domestic property...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: On the part of the Central Bank. What is its view? I was quite astonished that this was continuing, despite everything we have seen in recent months and the fact that the Minister announced that the Department of Finance would do a review. I am astonished that this is to be continued and my concern is that this is one of those things that is a flash in the pan for a moment in time because...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Economic Issues: Engagement with Governor of the Central Bank of Ireland (25 Jan 2023)

Mairéad Farrell: So do I. I was probably the only person who was excited to hear about it in the budget speech. I am aware that other members want to come in so I thank the witnesses.

Forestry Sector: Motion [Private Members] (24 Jan 2023)

Mairéad Farrell: The reason we are here is not because we oppose investment in the forest sector, which is badly needed, but because of the type of investment. The State through Coillte should not be incentivising or underwriting investments for vulture funds at the expense of family farm incomes or viability. There are also legitimate concerns that investment by such vulture funds will inflate the cost of...

Saincheisteanna Tráthúla - Topical Issue Debate: Business Supports (24 Jan 2023)

Mairéad Farrell: Is í an fhadhb a atá agam i ndáiríre ná má bhíonn ar ghnólachtaí áirithe fanacht roinnt míonna go dtí go mbeidh an chabhair sin acu, ciallaíonn sé sin go mbeidh ar chuid acu a gcuid doirse a dhúnadh. Mar gheall ar sin, dóibh siúd atá i gceantair níos iargúlta, táimid ag admháil faoi...

Saincheisteanna Tráthúla - Topical Issue Debate: Business Supports (24 Jan 2023)

Mairéad Farrell: I am sharing time with Deputy Conway-Walsh. Gabhaim buíochas leis an Aire Staít as an gceist seo a thógáil. An fáth go bhfuilimid á hardú inniu ná gur chas mise le gnólacht i gConamara agus dúirt sé liom go bhfuil sé ag úsáid an gháis peitriliam leachtaithe seo. Mar gheall air sin, níl sé in ann an...

Written Answers — Department of Finance: Banking Sector (24 Jan 2023)

Mairéad Farrell: 133. To ask the Minister for Finance if it is possible to set credit allocation quotas for Irish banks (with a majority State ownership) requiring a certain percentage of their lending to go to green investment activities; and if he will make a statement on the matter. [3136/23]

Written Answers — Department of Finance: Tax Code (24 Jan 2023)

Mairéad Farrell: 156. To ask the Minister for Finance to provide an update on the review of section 110 of the Taxes Consolidation Act 1997 regime; and if he will make a statement on the matter. [2822/23]

Written Answers — Department of Culture, Heritage and the Gaeltacht: Gaeltacht Scholarships (24 Jan 2023)

Mairéad Farrell: 286. To ask the Minister for Culture, Heritage and the Gaeltacht if she will provide an update on DEIS Gaeltacht scholarships for 2023; and if she will make a statement on the matter. [3338/23]

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (24 Jan 2023)

Mairéad Farrell: 294. To ask the Minister for Housing, Planning, and Local Government if his attention has been drawn to the increase in the number of applications for social housing support, such that local authorities are not able to access all applications within the 12-week deadline; if there are any other options for those applicants who may be in vulnerable and precarious housing situations to get...

Written Answers — Department of Housing, Planning, and Local Government: Vacant Properties (24 Jan 2023)

Mairéad Farrell: 299. To ask the Minister for Housing, Planning, and Local Government the number of successful and total applications for the vacant property refurbishment grant through the Croí Cónaithe fund, by local authority, in tabular form; and if he will make a statement on the matter. [2945/23]

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