Results 14,421-14,440 of 26,042 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: It is both the Brexit and the Trump factors.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: Taking from that, I will direct a question at Mr. McCarthy. Given what has been announced by Prime Minister May in terms of Brexit and the outcome of the elections in America and President-elect Trump, do the figures for budget 2017 stand up? Do the assumptions that were made in the budget still stand up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: Do the assumptions, including those in terms of the exchange rate with sterling, still stand up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: I am talking about 2017.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: You know now.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: Mr. McCarthy might expand on that. Mr. McCarthy made reference to many different changes. The ordinary person will want to know certain things. We have spoken about jobs and 40,000 fewer jobs was mentioned. Increasing the terms of the national debt by €20 billion was mentioned. A reduction in exports to the UK by one third was also mentioned, something which will have an...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: It will affect the amount of money the Government has available to spend on public services.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: In actual terms, how much does Mr. McCarthy anticipate will be the reduction in tax intake and money available for spending?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: Mr. McCarthy is saying that economic output would be between 3% and 4% lower than if Brexit had not happened.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: What impact will that have on taxes? Please quantify the figure for me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: The €20 billion would be €2 billion per year on average.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: It is quite significant. Mr. McCarthy said a unit of four people had been set up. What does the unit do?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: What are the people involved qualified as? Who heads up the unit and to whom does that person report?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: This is the first occasion we have had the opportunity to ask the Department about how exactly we are getting ready for Brexit. Does Mr. Moran think that a section of four people to deal with Brexit is adequate? Mr. McCarthy raised the issue of tariffs and we are an export nation. What percentage of our GDP is driven by exports?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: Is it adequate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: How long have they been up and running?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: What would happen if tariffs were to come in?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: If tariffs came in there would be a fall of 30% in our exports to the UK.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: What impact would that have on our GDP?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Kieran O'Donnell: There would be a deep reduction in employment, of some 40,000.