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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)

Richard Boyd Barrett: I would like to make a second and final point. We want to protect against a cycle of boom and bust. I agree with Dr. O'Sullivan's point that part of that is about having sustainable revenue streams. I would not be quite as harsh on the fiscal council as Deputy Paul Murphy has been. I have got to know its members better - that is why.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)

Richard Boyd Barrett: I put it to the witnesses that the problem is that it is very difficult to say what is sustainable and what will not be affected by all sorts of external and cyclical factors, many of which are out of our control. Housing, which is a particular bugbear of mine, is an example of that. Obviously, property tax is a revenue source based on property. We are now seeing how volatile property is....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)

Richard Boyd Barrett: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)

Richard Boyd Barrett: It is of immediate consequence in the case of housing.

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: 12. To ask the Minister for Environment, Community and Local Government with regard to the actual delivery of new homes for those on the social housing list, if he can provide a breakdown by local authority of the number of homes he expects to be delivered by Part V in 2015, 2016 and 2017; if he will further report on how many Part VIII for social housing have been forwarded to him by local...

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: The most serious crisis facing this country is the lack of affordable and social housing for people. The Government committed to delivering 15,800 social housing units this year. Can the Minister of State tell us if we are anywhere even close to those figures? Certainly, going on the experience of what is happening in Dún Laoghaire, where there will be a total of five this year, if...

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: The Minister, Deputy Kelly, in a letter to one of our councillors, stated that 15,800 social houses would be delivered this year. As the Minister of State rightly said, the reason he cannot give us figures and the reason those houses are not being delivered is that it is dependent on construction in the private sector. That is the problem, is it not? That is why were not getting the...

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: The Minister of State can blind us with jargon and with projections and figures. However, based on the Minister's own letter, 85% of what was promised this year is dependent on the private sector - 3,000 from leasing and 8,400 from HAP. It is not happening and it is not going to happen. The landlords are not interested in getting involved in this and the construction is not happening on...

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: Is it not a total fantasy? On the voids, at a meeting last night we were told by someone from Women's Aid that Dublin City Council is saying it cannot get the money from the Government to turn around the voids in the Dublin City Council area.

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: I have done it.

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: There are hardly any voids in Dún Laoghaire.

Other Questions: Social and Affordable Housing Provision (11 Jun 2015)

Richard Boyd Barrett: I have been telling the Government the solution for four years - direct build.

Written Answers — Department of Environment, Community and Local Government: Waste Management (11 Jun 2015)

Richard Boyd Barrett: 34. To ask the Minister for Environment, Community and Local Government if he will provide a detailed progress report on the planned Waste to Energy Facility in Ringsend including the cost of the project, the capacity of the incinerator and the amount of waste currently being produced here; and if he will make a statement on the matter. [22334/15]

Industrial Relations (Amendment) Bill 2015: Second Stage (10 Jun 2015)

Richard Boyd Barrett: I thank the Chair. This Bill seeks to address two central areas. I welcome the decision to replace the registered employment agreements that were struck down as a result of a court ruling. Similarly, the provisions in the Bill that seek to address the whole issue of collective bargaining are long overdue. Obviously, the context for this legislation is the fact that we have the second...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Richard Boyd Barrett: On the face of it, this is a good idea to avoid the necessity for the people to bail out the banks again by getting the banks to put money aside each year and mutualise it across Europe such that there will be a fund to bail out any bank that fails, meaning that we will not be on the hook again. The principle is reasonable. Banking systems can collapse in big as well as small countries. In...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Richard Boyd Barrett: I understand Mr. Carrigan's response. Is there any end to how much we would have to put in to replenish the fund if there was a systemic collapse, if the banks here were dragged down by a big collapse elsewhere in Europe? Would we have to keep pumping money in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Richard Boyd Barrett: I was going to ask about the bail-in. Will Mr. Carrigan answer my question directly?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Richard Boyd Barrett: That is my point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Richard Boyd Barrett: From where will the backstop come?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Richard Boyd Barrett: Theoretically, there could be no end to how much by which we would have to replenish the fund if the cost of the collapse in a particular part of the banking system was to far exceed the size of the fund and any bail-ins that preceded it. Potentially, we could have to keep replenishing the fund. Am I right? Mr. Carrigan might say that is unlikely to happen and that it tends to be the...

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