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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Liam Twomey: The 4,175 borrowers who are in arrears at the moment are possibly the most vulnerable people who have been transferred. If they all reach resolutions with the special liquidators before the sales process is completed, they will have additional protections. This is as much a question for the special liquidators as it is for the Department of Finance. Would I be right in saying that there is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Liam Twomey: We are putting it on the record here as something that can be taken into account.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Liam Twomey: I have a question for Mr. Wallace. It is said that around 900 borrowers do not seem to have any connection with the special liquidators. Have they had some or no contact with the special liquidators? The special liquidators are saying they do not have enough information but are they saying borrowers have had no contact with them? Is there more to be done?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Liam Twomey: The special liquidators will be able to make resolutions with everybody else to give them some form of protection?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Liam Twomey: I will hand over to Senator Paul Coghlan.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Liam Twomey: The point Deputy Doherty is making is correct but perhaps it could be dealt with in an entirely new section. Is that what Deputy Doherty is seeking?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Liam Twomey: Perhaps the Whips will sort that out and agree the process.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Message to Dáil (23 Oct 2013)

Liam Twomey: In accordance with Standing Order 87, the following message will be sent to the Dáil: The Select Sub-Committee on Finance has completed its consideration of the Credit Reporting Bill 2012 and has made amendments thereto.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Liam Twomey: Amendments Nos. 65 to 67, inclusive, are related and will be discussed together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Liam Twomey: The Minister of State proposes to move a verbal amendment to amendment No. 66 to correct a drafting error.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Liam Twomey: I thank the Minister of State and his officials for attending.

Older Citizens: Motion [Private Members]: Motion [Private Members] (22 Oct 2013)

Liam Twomey: I call Deputy Caoimghín Ó Caoláin who is sharing time with Deputy Ellis.

Older Citizens: Motion [Private Members]: Motion [Private Members] (22 Oct 2013)

Liam Twomey: Seven and a half minutes.

Financial Resolutions 2014 - Financial Resolution No. 8: General (Resumed) (16 Oct 2013)

Liam Twomey: I call on Deputy Stanley, who I believe is sharing his time with Deputies Ellis and Colreavy.

Financial Resolutions 2014 - Financial Resolution No. 8: General (Resumed) (16 Oct 2013)

Liam Twomey: Deputy John McGuinness is sharing time with Deputy John Browne.

Financial Resolutions 2014 - Financial Resolution No. 8: General (Resumed) (16 Oct 2013)

Liam Twomey: The Minister is sharing his time with the Ministers of State, Deputies John Perry and Sean Sherlock.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Liam Twomey: It is a case of going by what people are spending rather than what they have on deposit.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Liam Twomey: It has been mooted that a 1% increase in income taxation would show a contraction of up to 1.4% in GDP. Are the witnesses familiar with this argument?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Liam Twomey: That information could be very useful. We are very much against increasing income taxation because of its negative effect on growth.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Liam Twomey: Our economy is in a unique situation. I find it strange that the part of the country showing the most improvement is the greater Dublin area. House prices and rents are increasing by anything from 4% to 10%. Yet, there has been no significant increase in incomes over the same period. That is not really sustainable over any significant period. How will this impact on the economy? The...

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