Results 27,121-27,140 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: On the personal insolvency service, Mr. Boucher stated at a meeting of this committee on 10 April that the bank’s policy and practice were to have no debt write-down. Mr. Richie Boucher:For mortgage debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: Yes. When I questioned him, Mr. Boucher said the bank would torpedo any personal insolvency proposal that required a debt write-down on secured debt. Is that still the practice and policy of the bank? Alternatively, is somebody going behind Mr. Boucher’s back and writing down debt or agreeing to the personal insolvency proposals?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: I understand that and it is uniform across the banks. My question is whether it is still the position that Bank of Ireland will veto every personal insolvency proposal that requires it to take a debt write-down on secured debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: I understand that, but I am going to ask Mr. Boucher my question again. Will he confirm what he told the committee on 10 April?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: Let me put it a different way. Of the 45 proposals to which Bank of Ireland stated “Yes”, did any contain a write-down of mortgage debt?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: Therefore, they did not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: Does Mr. Boucher believe officials in his bank are going behind his back to write down debt?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Pearse Doherty: I welcome the Bank of Ireland delegation. Mr. Boucher has said the cash injected by the State into Bank of Ireland has been paid back and showed figures in his presentation of €6 billion and so on. He is actually being mischievous. It is the equivalent of someone with a Bank of Ireland mortgage of €100,000 and a variable interest rate telling the bank when the interest...

Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)

Pearse Doherty: Can the Minister tell me why is it fair that a Minister who stays in a hotel in Dublin to attend the Parliament can have the cost of the hotel written off for tax purposes - I have no problem with the cost of the hotel - and also write off the cost of maintaining a second residence in the hotel? Riddle me that. When I asked Revenue what it means to maintain a second residence in a hotel,...

Other Questions: Tax Code (5 Nov 2014)

Pearse Doherty: The problem with the rules is that the Government can reduce the time in which we can hold the Minister to account.

Other Questions: Tax Code (5 Nov 2014)

Pearse Doherty: I know that, but that is not the point.

Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)

Pearse Doherty: It has been a very interesting three weeks since the Minister introduced his latest budget. Like the previous one, as I said on previous occasions, it is unfair and contains harsh cuts. However, what has since been in the minds of the people, as we saw clearly and as was evident last Saturday, and what the budget cannot be divorced from is the issue of water charges. While the Government...

Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)

Pearse Doherty: I will come to that figure. Let us be clear: it is indisputable that there is headroom of €570 million for us in order to be below the 3% deficit target. Therefore, if Irish Water were to be included in the State's books, that figure could be absorbed. As the Minister rightly said, there would then be the issue of the €300 million to be raised in domestic charges. How would...

Ceisteanna - Questions - Priority Questions: Mortgage Schemes (5 Nov 2014)

Pearse Doherty: I welcome that the Minister has asked the finance committee to produce a report. As a member of that committee, I am sure it will do that work as diligently and as speedily as possible. However, we need to get to the core of the Government's position at this moment. The finance committee's reports on mortgage arrears have not been implemented. The key issue is that the Central Bank has...

Ceisteanna - Questions - Priority Questions: Mortgage Schemes (5 Nov 2014)

Pearse Doherty: I will. I appreciate the Minister's clarity, but can I take it that, regarding the Central Bank's consultation process on 80% loan-to-value mortgages, we should not assume it will be okay because the Government will introduce a 10% guarantee scheme to raise the ratio to 90%, as suggested in some media? We need clarity. Should we focus on the 80% ratio or will the Government come in through...

Business of Dáil (5 Nov 2014)

Pearse Doherty: Will the Ceann Comhairle clarify what is the allocated time for Question Time?

Business of Dáil (5 Nov 2014)

Pearse Doherty: Yes.

Business of Dáil (5 Nov 2014)

Pearse Doherty: We will see how it goes.

Ceisteanna - Questions - Priority Questions: Mortgage Schemes (5 Nov 2014)

Pearse Doherty: 2. To ask the Minister for Finance his plans to help first-time buyers access the housing market through a mortgage guarantee scheme or other measures; and his views on the Central Bank of Ireland's proposals to introduce a 20% deposit and a 3.5 times loan to income limit on mortgages. [42002/14]

Ceisteanna - Questions - Priority Questions: Mortgage Schemes (5 Nov 2014)

Pearse Doherty: It is telling that the Minister has refused to rule out a role for Revenue in collecting water charges. My question is on the Finance Bill and mortgages. While the Bill contains a measure dealing with the DIRT applied to those saving to buy premises, one of the Government's major commitments was the mortgage guarantee scheme. On 27 May, the Minister stated: "I will do an economic analysis...