Results 6,361-6,380 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Tax Code: Tax Code (16 Jun 2009)
Brian Lenihan Jnr: With the exception of small and medium businesses authorised by Revenue to make their PAYE/PRSI payments quarterly, the due date for the payment, by employers, of PAYE/PRSI covering the PAYE/PRSI for any given month is the 14th of the following month; for example the PAYE/PRSI for the month of June is due for payment to Revenue by an employer by July 14th. The Deputy will be aware that in my...
- Written Answers — Tax Code: Tax Code (16 Jun 2009)
Brian Lenihan Jnr: The position is that the income levy legislation provides for an exemption for individuals aged 65 or over where their income does not exceed â¬20,000. Married couples, where one or both are aged 65 years or over and whose combined income does not exceed â¬40,000, are also entitled (notwithstanding that one spouse may have income in excess of â¬20,000) to make a claim to Revenue after the...
- Written Answers — Consumer Debt: Consumer Debt (16 Jun 2009)
Brian Lenihan Jnr: I welcome the agreement between the Irish Banking Federation and the Money Advice and Budgeting Service Operational Protocol on consumer debt. The Operational Protocol will enable MABS and the IBF continue to work together effectively when dealing with debt problems of personal debtors who approach the MABS Service for assistance. As the Deputy will be aware, the Minister for Social and...
- Written Answers — Government Contracts: Government Contracts (16 Jun 2009)
Brian Lenihan Jnr: Responsibility for payments under public works contracts rests with the individual contracting authority. It is a matter for each contracting authority to ensure that all payments are made in a timely manner in compliance with the Late Payment in Commercial Transactions Regulations, 2002 or as may be specified in the contract. Enquiries regarding specific payments should be directed in the...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: For the record, the queues outside Northern Rock were in late 2007. I was not Minister for Finance at the time.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: It will be less than that.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: That will be a commercial decision.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: It made its call four days before I addressed it.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: I thank Deputies for their contributions to the debate. By and large, they supported the principle of the measure before the House. Plainly, deposit protection is an essential tool to have in place in order to reassure depositors that their savings are safe. The Government decision last September to increase the guarantee limit from â¬20,000 to â¬100,000 was a very important step in...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: I am sorry. That is an official summarisation. I apologise; I was unable to be in the House for the Deputy's contribution. Deputy Burton also touched on what was, in her view, the failure of the Central Bank and the regulatory authorities to anticipate the crisis which has engulfed us. There are two distinct issues in the reform of the Central Bank and the financial regulatory system....
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: I do not have precise information on the value of deposits and their combination in banks. Hwever, I do remember last September acquiring more specific data on this question before recommending to the Government the decision made at that stage. I will undertake to furnish the Deputy with such information as we can gather in that regard. Deputy O'Donnell wandered into the land of NAMA and...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: That is why I call it a magic bank. It is not a realistic proposition. It has been dealt with by many commentators and is not a runner. The sooner the Deputy faces up to this the better.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: We will have plenty of time to discuss NAMA which is the only show in town.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: Deputy Burton often feels I pick on her and accuse her of being irresponsible. I find some of Fine Gael's comments about debt and defaulting on bonds far more irresponsible than anything the Labour Party has advocated in the House. In fact, the Labour Party has made a case for adopting an old-fashioned nationalisation approach which can claim some reputable academic support, whereas the...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: It is a Lehman's bank type of proposal which involves a default. It is unsustainable as regards the development of the banking sector. It may provide a fig-leaf, whereby Fine Gael can freely criticise the Government on these matters.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: I can assure Deputy Bruton that the day he walks into the Department of Finance the fig-leaf will be removed. Deputy Burton broadly welcomed the Bill. I was not aware of the fact that she had raised the issue with the previous Minister. She sees some sinister reason in the fact that the Bill has been separated from other legislation dealing with financial matters. The Bill implements the...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: If the Deputy is advocating a 31% unemployment rate - the rate in the United States during the great depression after the failure of the banks - fair enough.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: That was the rate of unemployment during the great depression in the United States.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: I showed the Deputy the courtesy of not interrupting her while she made many tendentious comments. I am seeking to reply to them in general terms. In 1929 there was a 31% unemployment rate in the United States as a result of a government decision to let banks fail. Were we to decide, for example, that Anglo Irish Bank should be allowed to fail - as has been advocated implicitly by some -...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)
Brian Lenihan Jnr: I will deal with bondholders in a moment. Were we to repeal-----