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Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Brian Lenihan Jnr: Exactly; stay at the wheel.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Brian Lenihan Jnr: No one could suggest I did not.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Brian Lenihan Jnr: I thank Senator Norris.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Brian Lenihan Jnr: I entirely agree that the compass at times was out of control.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Brian Lenihan Jnr: I prefer to think that I was the chief engineer on the ship and that I was not afraid to get my hands dirty.

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: Apart from the general matters raised by Senators, I would like to respond to particular contributions. Senator Twomey suggested that I did not know what the yield would be from the higher universal social charge on income in excess of €100,000 arising from self-employment. I have said that this charge would raise €80 million in 2011 and I have further elaborated that this charge would...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: A huge amount of change is being driven there and it will take time because much of the work involved will require detailed on-the-ground implementation by them in the performance of their duties. The resilience of the international financial services market in Ireland in an unprecedented global environment is evidence of the sustainability of the business being done here and the quality of...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: I now have to turn to the detailed outline of the provisions of the Bill, having given the substance of my opinion.

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: I now have to deal with the detailed provisions of the Bill. Senators have always attended very well to legislation and do not need me to examine each section. They have studied them and we will have an opportunity on Committee Stage to discuss them. I regret that I will not be here for the entire Second Stage debate but I will be present for Committee Stage tomorrow. I will take the Bill...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: It is a great pleasure to be in Seanad Éireann to introduce the Finance Bill 2011 to the House. The Bill was passed by the Dáil in a very short period of time and we all know the political circumstances which led to that. It is a matter of regret to me that the procedure was accelerated as much as it was, and the procedure of two weeks would have been preferable. I thank, first, my...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: The different parties can deal with that. It was extraordinary that the Green Party, which made such an effort at pushing the question, could not find it in its heart to give the Government another week or two to arrange for that. These are matters of political consideration. They are not matters relating to the Finance Bill. The Bill is always important legislation. It is not normally...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: The recovery is being driven by the exporting sectors, underpinned by the significant improvements in competitiveness that have taken place. This is most evident from the 13% annual rate of export growth recorded in the third quarter of last year, which was one of the best performances in the European Union. This export growth is broad-based and while the pharmaceutical, software and...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: One then turns around on "The Late Late Show" to state that one accepts all these reductions and tax increases-----

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: -----and that there is nothing wrong with such tax increases. I understand this and God knows it has not been easy to take more money from pay packets in this Finance Bill. Every time I see people from the Labour Party on television, I hear them talking about pay packets but I assume such pay packets also will be covered by "The Late Late Show" doctrine and that they also will not be...

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: -----when the Labour Party enters office.

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: Let us have a discussion on the real issues that face this country. The real issue is how we manage the return to growth that already is under way-----

Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Brian Lenihan Jnr: -----and how we ensure this return to growth is not squandered and wasted by unnecessary arrangements that waste public money in the delivery of public services or expenditure. In addition, let us ensure that this return to growth is marked by a renewed commitment to the reform of our public service, to competitiveness at every level, to flexible work practices and above all to education,...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: I thank Members who have contributed to this debate. Section 49 confirms the budget day change to the rates of air travel tax. A single rate of €3 per departing passenger will come into operation on 1 March, replacing the existing distance-related rates of €2 and €10. Deputy Noonan's amendment proposes that the new lower rate should be €2 rather than €3 and Deputy Doherty's...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: We are not in Committee; this is Report Stage.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: Fair enough.

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