Results 901-920 of 27,019 for speaker:Michael Noonan

Ceisteanna - Questions (Resumed) - Priority Questions: Brexit Issues (28 Feb 2017)

Michael Noonan: The Government's policy position on its approach to the negotiation has been expressed in our contacts with the UK authorities both at the political and Civil Service levels. It is that people, goods and services should pass without let or hindrance from North to South and vice versaand there will be no change in the present position. We know that the British negotiation position is to have...

Ceisteanna - Questions (Resumed) - Priority Questions: Brexit Issues (28 Feb 2017)

Michael Noonan: Everybody, including the Deputy, knows that the disqualification request is not a matter for the Minister. It is a matter for the Chair.

Ceisteanna - Questions (Resumed) - Priority Questions: Brexit Issues (28 Feb 2017)

Michael Noonan: I would like the Deputy to withdraw the false allegation against me that I refused to answer his question.

Ceisteanna - Questions (Resumed) - Priority Questions: Brexit Issues (28 Feb 2017)

Michael Noonan: The Deputy did.

Ceisteanna - Questions (Resumed) - Priority Questions: Brexit Issues (28 Feb 2017)

Michael Noonan: The Deputy did what he always does - make false accusations.

Ceisteanna - Questions (Resumed) - Priority Questions: Tracker Mortgage Data (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 37 and 40 together. The tracker mortgage examination is the most significant supervisory review undertaken in the context of the Central Bank's consumer protection remit.  It is a key priority for the bank and it is working to ensure that the examination is completed as soon as possible. However, it is critical that each lender carries out a...

Ceisteanna - Questions (Resumed) - Priority Questions: Brexit Issues (28 Feb 2017)

Michael Noonan: The Government's headline priorities in response to Brexit are well known: minimising the impact on trade and the economy, protecting the Northern Ireland peace process, maintaining the common travel area and influencing the future of the European Union. It is quite clear that there are major challenges ahead for the EU, the UK and for Ireland. The position in relation to the Border with...

Written Answers — Department of Finance: Universal Social Charge Abolition (28 Feb 2017)

Michael Noonan: The Programme for Government commitment to phase out the USC is not something that is being proposed in isolation but rather as part of a wider medium-term income tax reform plan focused on supporting economic growth. Tax revenues have grown by over 40% from €34 billion in 2011 to €48 billion in 2016. It is true that new taxes have been introduced but much of the...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (28 Feb 2017)

Michael Noonan: I am confident that legislative changes since the financial crisis have equipped the Central Bank with an array of investigative, regulatory and enforcement powers to ensure that regulated financial service providers adhere to the requirements of financial services legislation.  These changes include significantly enhanced powers for the Central Bank to gather information under the...

Written Answers — Department of Finance: Economic Growth (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 49, 265, 272 and 275 together. My Department's most recent economic forecasts were published with Budget 2017. Real GDP growth of 3.5% was projected for this year while growth is forecast to average % over the period 2018-2021. The dataflow since the Budget has been encouraging indicating that the strong momentum has continued: - The economy expanded by 6.9%...

Written Answers — Department of Finance: Motor Insurance Regulation (28 Feb 2017)

Michael Noonan: The Cost of Insurance Working Group, chaired by the Minister of State Eoghan Murphy, was established to examine the factors contributing to the increasing cost of insurance and to identify what measures could be introduced to help deter further increases for consumers and businesses. The initial focus of the Working Group was on rising motor insurance premiums and in this regard the Report...

Written Answers — Department of Finance: Tax Code (28 Feb 2017)

Michael Noonan: As the Deputy is aware, during the Finance Bill Committee Stage Debates in both the Dáil and the Seanad, my colleague, Minister of State Eoghan Murphy TD, gave a commitment that betting duty would be examined as part of the Tax Strategy Group process in 2017.  I can inform you that officials in my Department are in the early stages of examining the area...

Written Answers — Department of Finance: Banking Sector Remuneration (28 Feb 2017)

Michael Noonan: At meetings between myself, officials and senior representatives of the banks late last year, at which a broad range of topics were discussed, the banks commented on the current remuneration restrictions, which apply to the banks which the State had to rescue, and the potential impact these restrictions have on recruitment and retention. In addition, there is some reference in...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (28 Feb 2017)

Michael Noonan: The Help to Buy incentive was initially announced on 19 July 2016 as part of the "Rebuilding Ireland: Action Plan for Housing and Homelessness." The design of the scheme was outlined in Budget 2017, and the full details were set out in Finance Act 2016. The initiative aims to assist a first-time purchaser fund the deposit required to purchase or self-build a new house or apartment...

Written Answers — Department of Finance: Home Repossessions (28 Feb 2017)

Michael Noonan: This Government is very committed to  providing support for borrowers in mortgage arrears, as evidenced by the range of commitments contained in the Programme for A Partnership Government and the Action Plan on Housing and Homelessness.   The most recent Central Bank figures show that to date over 121,000 restructures have been put in place which reinforces the...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (28 Feb 2017)

Michael Noonan: The Bank of Ireland annual report for year ended 2010 provided the following details in relation to the facility deed: On 23 December 2010, the Bank entered into a facility deed (the deed) with the Central Bank. This provides for an uncommitted facility to the Group, guaranteed by the Minister for Finance up to a maximum amount of €10 billion or such increased amount as...

Written Answers — Department of Finance: Departmental Legal Cases (28 Feb 2017)

Michael Noonan: The Apple State Aid case is a priority matter for the State. Detailed and comprehensive responses were provided to the Commission demonstrating that the appropriate amount of Irish tax was charged in accordance with the relevant legislation, that no selective advantage was given and that there was no State Aid.  This case has involved a significant degree of legal and technical...

Written Answers — Department of Finance: State Banking Sector (28 Feb 2017)

Michael Noonan: The position of the Government in relation to the State's shareholdings in the banking sector is very clear. These were investments the State had to make during the banking crisis, and it is the Government's intention that the State will exit these investments in a measured and careful manner which ultimately recovers the maximum amount of money for the Irish taxpayer. In...

Written Answers — Department of Finance: Banking Operations (28 Feb 2017)

Michael Noonan: While the legal action referred to in parliamentary question number 80 of 19 January 2017 was against the bank referred to in the same question and not against the Department of Finance, pleadings in this case, which were delivered by the Bank, were considered by officials in my Department and by the Attorney General's office.  It was also important for officials in my Department to...

Written Answers — Department of Finance: Credit Union Regulation (28 Feb 2017)

Michael Noonan: One recommendation of the Credit Union Advisory Committee (CUAC) in the Review of Implementation of the Recommendations in the Commission on Credit Unions Report (the Report) was that an Implementation Group be established for a specified period of time to oversee and monitor implementation of those recommendations in a methodical manner and to advise the Minister for Finance...