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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Is it fair to say that the bank has a vested interest in property prices increasing, which is a reasonably likely consequence of these two changes and their interaction? The loan-to-value ratio for non-performing loans is 103%, which is a negative equity situation. The bank would benefit from an increase in property prices.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Most of the banks did not operate in that wise and sensible way the last time around so I will be surprised if they do so this time. My final question relates to buy-to-lets. There were 35 assisted voluntary sales and nine voluntary surrenders or judgments enforced. What has happened to the tenants in those cases? Have the tenants remained in place? I see that 18 rent receivers were in place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: The rights of the tenants are limited in these circumstances and once the bank indicates its intention to sell they have a notice period. I presume the bank follows the notice period as if the previous landlord was in place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: They the tenants get evicted and they may be homeless. How many people has the bank evicted over the past six months or year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: I am talking about cases where the bank sought vacant possession.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Does Mr. Blair not believe that losing one's home is quite an emotive experience?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: How many people-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Can Mr. Blair give me an estimate of how many people may have lost their homes in this way?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: I would appreciate it if Mr. Blair could get the figures for us.

Written Answers — Department of Health: Rare Diseases Strategy (1 Dec 2016)

Paul Murphy: 32. To ask the Minister for Health his plans to increase the number of genetic counsellors as outlined in the national rare disease plan; and if he will make a statement on the matter. [37770/16]

Written Answers — Department of Arts, Heritage and the Gaeltacht: Commemorative Events (29 Nov 2016)

Paul Murphy: 480. To ask the Minister for Arts, Heritage and the Gaeltacht further to Parliamentary Question No. 965 of 16 September 2016, if she will confirm that the 2016 event was the ninth annual famine commemoration, in view of the fact that the initial launch in 2008 included both local input and a formal State ceremony; and if she will make a statement on the matter. [37609/16]

Written Answers — Department of Health: Disability Support Services (29 Nov 2016)

Paul Murphy: 604. To ask the Minister for Health if his Department will investigate the case of a person (details supplied); and if he will make a statement on the matter. [37593/16]

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (24 Nov 2016)

Paul Murphy: 4. To ask the Minister for Public Expenditure and Reform the contacts his Department has had with trade unions regarding pay restoration; and if he will make a statement on the matter. [36542/16]

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (24 Nov 2016)

Paul Murphy: 19. To ask the Minister for Public Expenditure and Reform his views on the demands by trade unions for increased pay; and if he will make a statement on the matter. [36541/16]

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 88:In page 67, between lines 21 and 22, to insert the following: “25. The Minister for Finance is to order a study to be carried out on methods to increase the corporation tax take from big business, including by doubling the rate of corporation tax for big business to 25 per cent and abolishing corporation tax breaks and is to report to the Dáil within six...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: The Minister of State has responded by saying there is nothing to see here, there are no tax loopholes and there is no need for us to have a study. We are talking here about things that were set up to be, and are, tax breaks and tax loopholes. It is not an accident that Ireland has the 15th largest international financial sector in the world. We are talking about Panama on the Liffey. The...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 79:In page 63, between lines 1 and 2, to insert the following:“23. The Minister for Finance is to order a study to be carried out on methods of closing remaining loopholes and abolishing tax breaks currently availed of by equity funds, investment funds, financial vehicles and Real Estate Investment Trusts and is to report to the Dáil within six months of the...

Ceisteanna - Questions: Programme for Government Implementation (23 Nov 2016)

Paul Murphy: 1. To ask the Taoiseach if he will report on the implementation of the programme for Government. [34862/16]

Ceisteanna - Questions: Programme for Government Implementation (23 Nov 2016)

Paul Murphy: The executive summary of the programme for Government states: "Our approach to governing will be clearly seen in how we address the issues of housing and homelessness". On that basis, would the Taoiseach agree that the approach of the Government to governing has been a disaster? One can compare the circumstances facing people dealing with the housing and homelessness crisis now to the...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 105:In page 99, line 19, to delete "May" and substitute "January".

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