Results 7,841-7,860 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Public Expenditure and Reform: Brexit Supports (24 Oct 2019)

Michael McGrath: 82. To ask the Minister for Public Expenditure and Reform if the €650 million of the €1.2 billion Brexit package will only be used if there is a no-deal Brexit outcome; if this is additional to the €2.8 billion fiscal package announced in the summer economic statement; and if he will make a statement on the matter. [43986/19]

Written Answers — Department of Public Expenditure and Reform: Brexit Supports (24 Oct 2019)

Michael McGrath: 83. To ask the Minister for Public Expenditure and Reform if the €365 million and the €45 million in social protection expenditure that forms part of the €1.2 billion Brexit package will only be made available if there is a no-deal Brexit outcome; if this is additional to the €2.8 billion fiscal package announced in the summer economic statement; and if he will...

Written Answers — Department of Public Expenditure and Reform: Government Expenditure (24 Oct 2019)

Michael McGrath: 86. To ask the Minister for Public Expenditure and Reform the overspend in the health Vote for 2016; when the extra €500 million in expenditure was granted for the health Vote; when it was allocated in the Further Revised Estimates Volume; the area this funding came from; the reason a Supplementary Estimate was not required for the health Vote in 2016; and if he will make a statement...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: I welcome Ms Rowland, Ms McEvoy and Ms Cunningham and thank them for their opening statement and their work on this issue. At committee meetings we tend to focus on the outstanding issues and the negatives, and it is our job to hold witnesses to account, but many customers have eventually had good outcomes, and that should be acknowledged. The Central Bank's work in that regard has been...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: I ask Ms Cunningham to address specifically the issue of individual accountability and the Central Bank's powers in respect of the tracker mortgage issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: To clarify, none of those is tracker related.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: How does that ultimately work out? Might somebody be deemed unfit to hold that role under fitness and probity requirements or be placed under administrative sanctions? What are the ultimate potential sanctions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: There are several outstanding cohorts, the largest being the AIB prevailing rate issue, which involved about 6,000 customers. Permanent TSB has been implicated in a prevailing rate issue and a discounted tracker issue. Bank of Ireland was involved in a staff tracker issue. I am aware of outstanding issues with Ulster Bank. EBS has a variable base rate issue. In broad terms it is fair to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: That is welcome. I wish to be crystal clear on what Ms Rowland is saying. Let us suppose the ombudsman considers an individual customer complaint, for example, concerning the AIB prevailing rate, and he finds in favour of that customer. Suppose the case is representative of many others in which the issues are essentially the same. In that scenario, will the application of that decision be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: I have two final questions. I will put them together because I know we are tight for time. Ms Rowland has stated that as a result of the Central Bank's work, 20,000 additional customers have been included in the redress and compensation scheme. This was also included in her final report in July. In effect she is saying that half of the customers who have now benefited or got their money...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: She might clarify whether those are ongoing pressures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: Might I ask a straight question? In the course of the enforcement investigations, has the Central Bank had to threaten to go to the High Court or raise the prospect of going to court to secure co-operation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Michael McGrath: I thank Ms Cunningham.

Finance Bill 2019: Second Stage (23 Oct 2019)

Michael McGrath: I welcome the opportunity to speak on Second Stage of the Finance Bill 2019. It was nearly 12 months ago that our party leader, Deputy Micheál Martin, against the backdrop of Brexit uncertainty, decided to extend the confidence and supply arrangement to ensure that there was no general election in this country in 2019. I welcome the Brexit agreement reached recently. I commend all...

Saincheisteanna Tráthúla - Topical Issue Debate: Job Losses (23 Oct 2019)

Michael McGrath: I thank the Minister for her reply. The company has provided valued employment in Cork for the past quarter of a century or more. It started out as Sandoz in Ringaskiddy. That was the name it operated under for a number of years before becoming Novartis. The workers have valuable skills and experience, so there will be a market for them. First and foremost, however, the priority must be...

Saincheisteanna Tráthúla - Topical Issue Debate: Job Losses (23 Oct 2019)

Michael McGrath: Will the Minister revert when she gets the details?

Saincheisteanna Tráthúla - Topical Issue Debate: Job Losses (23 Oct 2019)

Michael McGrath: I thank the Ceann Comhairle for selecting this Topical Issue matter and I thank the Minister for attending in person. Today's announcement by Novartis represents a really significant blow to Cork, not only to the harbour area and the Carrigaline area, where I live. The workers come from all parts of Cork. That 320 employees, out of a total of 550, are affected is a measure of the scale of...

Written Answers — Department of Finance: Pension Provisions (23 Oct 2019)

Michael McGrath: 89. To ask the Minister for Finance his plans to change the maximum pension fund limit of €2 million; and if he will make a statement on the matter. [43771/19]

Written Answers — Department of Finance: Tax Reliefs Application (23 Oct 2019)

Michael McGrath: 91. To ask the Minister for Finance the position on tax relief for employees and the self-employed in respect of pension contributions; his plans to introduce changes in this area; and if he will make a statement on the matter. [43722/19]

Written Answers — Department of Finance: Tax Reliefs Costs (23 Oct 2019)

Michael McGrath: 94. To ask the Minister for Finance the estimated cost of reducing the exit tax rate of 41% on certain investment products to 33% in order to bring it into line with the rate of DIRT tax; the policy rationale for separating the rate of exit tax from DIRT; and if he will make a statement on the matter. [43770/19]