Results 5,401-5,420 of 10,460 for speaker:Gerry Horkan

Seanad: Finance Bill (Tax Appeals and Prospectus Regulation) Bill 2019: Second Stage (28 Nov 2019)

Gerry Horkan: I am indulging the Senator's curiosity.

Seanad: Finance Bill (Tax Appeals and Prospectus Regulation) Bill 2019: Second Stage (28 Nov 2019)

Gerry Horkan: As no other Senators wish to contribute, I call the Minister of State.

Seanad: Finance Bill (Tax Appeals and Prospectus Regulation) Bill 2019: Second Stage (28 Nov 2019)

Gerry Horkan: We are all on the same side today.

Seanad: Finance Bill (Tax Appeals and Prospectus Regulation) Bill 2019: Second Stage (28 Nov 2019)

Gerry Horkan: We are sorry it will not be the Minister of State, Deputy O'Donovan, who will be here, particularly as he has been so efficient thus far. We could get through it very quickly next Tuesday if he were here.

Seanad: Finance Bill (Tax Appeals and Prospectus Regulation) Bill 2019: Second Stage (28 Nov 2019)

Gerry Horkan: When is it proposed to sit again?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I remind witnesses and those in the Public Gallery, in the interest of the orderly conduct of proceedings, to ensure their mobile phones are put into airplane mode as they affect broadcasting quality. No. 4 on today's agenda is the impact of Brexit on the Irish economy. To assist us in considering this matter, I am pleased to welcome Professor Martina Lawless and Professor Kieran McQuinn...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I thank Dr. Lawless for including the small silver lining at the edge of a very large and dirty cloud called Brexit. At least seven members will be involved today so I propose initial 15-minute segments, and if there is time at the end we can bring in people for a second round if required.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: It is a good point, but I ask the Senator to conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: Is Shannon Airport similar?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I thank our guests for their opening statement. I listened to their comprehensive views, and while I had to step out of the meeting for a few moments to attend the Seanad, I heard the vast bulk of their and members' contributions. Hardly a debate goes by in which Brexit is not mentioned, and it has become part of our being, our fibre and everything we do and think about, whether that is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: It is well informed but, ultimately, it is a guesstimate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: The ESRI examines Brexit as Brexit, which is what they have to do. It is not Brexit in the context of a global economic meltdown or of some other shock that might happen. Nobody anticipated what happened in the period 2008 to 2010, inclusive. While there may have been a few people and occasional naysayers - one might say a broken clock is right twice a day - nobody anticipated the scale...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: Has the overall baseline assessment looked at or anticipated a forecast that the world economy might slow down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: Perhaps it has not anticipated the worst-case scenario, in which everything goes badly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: We are all happy to hear that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I was probably thinking about people such as Professor Whelan when I referred to those who, correctly, were more pessimistic in their observations ten or 12 years ago.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: He was proven right. I ask Dr. Lawless to elaborate on services. We were talking about goods, which are very quantifiable and very easy to see. What kinds of services do we mainly trade with the UK? When we talk about the main services that Ireland, as an economy, trades with the UK, are we talking about financial services or insurance services?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: Are we talking about such services being exported to and provided to the UK, or the other way around?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I accept that. Who provides the bulk of the services? I know that just one of the big six insurance companies is indigenous. The other five are owned by UK or German entities, in the main. I presume that means they are providing services to us. Are we providing many financial services or other services to the UK? Does the balance of trade between the UK and Ireland, or the balance of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I ask Dr. Lawless to give us an understanding of whether we are talking about services in the way that we understand services - I refer to accountancy and legal services, etc. - or we are talking about issues such intangible intellectual property, royalty payments, head office fees and logo fees. What do we really mean when we talk about trade in services?