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Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: The task facing Government in the months ahead, which I accept is onerous for a Government that has held office for as long as we have, is to translate this international confidence into confidence at home.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: We have to believe in ourselves as a people and ignore the contradictory guff coming from the other parties in this House. We have to face up to the fact that what others are saying about us is right.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: One American socialist does not make a summer.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: We know the credentials of the economists in question.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: Last weekend, Deputy Kenny hosted a party conference-----

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: -----at which the Fine Gael Party made clear that, having argued last April that we needed a €3.5 billion correction for 2011, it now advocates a €2 billion adjustment, all of which is to be made on current spending. Again, details of how and where cuts will be made were not given.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: What is most worrying about what Fine Gael is now proposing is that the party is reneging on our commitments under the Stability and Growth Pact. It is pursuing a Greek option, the course pursued in Greece until recently.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: I am speaking about the Fine Gael Party, not the Labour Party.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: Let us be clear. We have regained the confidence of international markets and investors. The outside world knows we can deal with our difficulties. We will rebuild domestic confidence and the confidence to invest and create jobs and renew the economy.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: All of this can and will be done by the coherent team the Taoiseach has put together this afternoon. We will continue to serve the Irish people for the duration of our mandate.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: Deputy Ring's leader is not commenting.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: A former Taoiseach had one.

Nomination of Members of the Government: Motion (Resumed) (23 Mar 2010)

Brian Lenihan Jnr: It is a sustainable car.

Written Answers — Tobacco Smuggling: Tobacco Smuggling (11 Mar 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 96 to 98, inclusive, together. As I have outlined in response to numerous questions on this issue, I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax and tackling the illicit trade in cigarettes and tobacco products, that they are concerned at the current level of cigarette smuggling and the illicit trade...

Written Answers — Carbon Costs: Carbon Costs (11 Mar 2010)

Brian Lenihan Jnr: The Budget allocations for 2010 set out the capital allocations for each area. All costs related to infrastructural provision, including carbon costs where relevant, are to be met within these allocations. These are to be found in the Revised Estimates Volume. Regarding the price of carbon, the analysis undertaken by the Interdepartmental Working Group: Reflecting the cost of carbon...

Written Answers — Capital Investment Programme: Capital Investment Programme (11 Mar 2010)

Brian Lenihan Jnr: The Government undertook in its Revised Programme for Government to publish its revised investment priorities. A substantial amount of work has been carried out by the Department of Finance, in consultation with other Departments to review capital investment, to take account of the new economic and budgetary realities. The process is near completion and the Government will be considering all...

Written Answers — National Asset Management Agency: National Asset Management Agency (11 Mar 2010)

Brian Lenihan Jnr: The Deputy is referring to a submission on NAMA that was sent to me in September 2009. It was given every consideration at that time, as were all submissions on NAMA that I received. I did not consider the proposal to be the appropriate response.

Written Answers — Tax Code: Tax Code (11 Mar 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the supply of e-books is subject to VAT at the standard rate of 21% when sold by Irish based suppliers to consumers in Ireland or in any other EU Member State. The Irish rate applies also to sales of e-books into Ireland from suppliers outside the EU. However, when an Irish consumer purchases e-books from a supplier in another Member State the...

Written Answers — Tax Code: Tax Code (11 Mar 2010)

Brian Lenihan Jnr: The position is that tax relief - at varying rates and subject to certain ceilings – is available in respect of interest payable on a qualifying home loan. A qualifying home loan is a loan used by an individual in the purchase, repair, development or improvement of his or her principal private residence. On the assumption that the Deputy's Question relates to a scenario wherein the...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (11 Mar 2010)

Brian Lenihan Jnr: Under the Credit Institutions (Financial Support) Act 2008, each covered institution was required to submit a report to the Covered Institutions Remuneration Oversight Committee (CIROC) demonstrating how its remuneration policies for the year 2009 were to comply with paragraph 47 of the Scheme. CIROC in its report, submitted to me on 13 March 2009, then made recommendations on whether the...

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