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Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: No.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: These are the reflections of Government, Deputy Higgins. I think, in the context of the serious issue of symphysiotomy, that if the Government is prepared to listen, one does not need monthly meetings. I am far more interested in outcomes and action than in having monthly meetings about such issues. In fairness, a number of Deputies here raised the question of the Magdalen laundries and...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I do not share the Deputy's view. The very fact that he can be elected to this House properly by the people and stand up here speaks for itself. That is the democratic wish of the people in his constituency and he is sent in here to represent them and articulate his views which, I assume, they vote for. That is not a perversion of democracy but the result of the people's vote. Therefore,...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: Correct. The Deputy's memory is good; he does not suffer from amnesia. Deputy Adams said that some propositions carry more weight than others. I was trying to deal with his point on whether a proposition for the Department of Finance submitted by a person who suffers from difficulties with sight receives the same consideration as the proposition of the leader of a party who wants to raise...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I am sorry. The next meeting is on 24 October. I am sure there will be a briefing about what will emerge from that. Arising from Deputy Martin's comment, I will seek that the Minister publish it at an earlier time if that is at all possible.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: It will be on 24 October.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: It is not the case that anything is wrong. There are four working groups. The IFSC banking and treasury working group is concerned with banking, asset finance and corporate treasury, together with taxation issues which arise for all areas of the international financial services industry in Ireland. The IFSC funds working group considers the administration and management of investment funds...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: -----in comparison to that of users of other disability services - for example, a person who is blind or has sight difficulties who says he or she cannot afford to get a bigger computer keyboard, for example. In some cases, people are required to pay the full charge, which could be for small amounts. We must examine how to treats all propositions fairly. Deputy Adams can raise his issue...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: Deputy Adams made the point about corporations or the financial services sector making representations. There are 33,000 people working in the IFSC.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: Exactly.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I was about to come to that.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: That is true.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: Deputy Martin made an important point. Deputy Adams was flown across the Atlantic.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I am glad Deputy Adams is in good form. A total of 330 submissions have been received on the budget. We have to put all the pieces of the jigsaw together and put together the best, fairest and most equitable budget according to whatever flexibility exists to channel it where opportunities and jobs can be created. I assure Deputy Adams that there is nothing inherently wrong in the system....

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: Yes.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I would be happy to engage with the chairman of the IFSC Clearing House Group. In fairness, the previous Fianna Fáil-led Government put together the Food Harvest 2020 Strategy and that has proven to be an outstanding catalyst for growth in the agriculture sector, which I expect to top €10 billion in exports next year. As the Deputy will recall, we have come a long way from the...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I will advise the Deputy if there is any advance.

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: It is a good and healthy exercise that there be criticism when that is the view of somebody on a body such as this. That can be healthy in the sense of saying we may have to adjust, change or move along to make it better. My interest here is that whatever we do should be in the interest of creating jobs and job opportunities because that is where the future lies. Pre-budget submissions...

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: I thank the Deputy for the questions. I do not understand why the minutes would be published a quarter of a year later, and we could certainly do something about that. The Strategy for the International Financial Services Industry in Ireland 2011-2016 was produced by the sector and industry and we were happy to launch it on the basis of the assessment that 10,000 jobs could be created....

Ceisteanna - Questions (Resumed): Financial Services Sector (1 Oct 2013)

Enda Kenny: No. It is a question of considering what adjustments might have to be made to the financial services industry with regard to attracting further investment, thus creating more jobs and growth. The programme stands and, as the Deputy mentioned, it set a target of 10,000 net new jobs by 2016. From 1999 to 2011, the number of jobs grew from 8,500 to 33,000, as the Deputy is aware, and...

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