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Microenterprise Loan Fund (Amendment) Bill 2024: Second Stage (20 Mar 2024)

Gerald Nash: ...and employment from 2014 to 2016, I took a huge interest in the development of Microfinance Ireland and the various schemes it operated. I recall making some significant changes back in 2015 - for example, the removal of the impediment that lay in the way of lots of microenterprises that required funding from MFI. That was the obligation to receive a formal refusal from a bank before...

Employment (Collective Redundancies and Miscellaneous Provisions) and Companies (Amendment) Bill 2023: Second Stage (15 Nov 2023)

Gerald Nash: ...friend John King of SIPTU. As the then Minister of State with responsibility for business and employment, but principally as a human being, I was absolutely incredulous at what I heard. Almost 500 staff, some directly employed but most linked to concession holders at the iconic Clerys store on the main street of our capital city, had been given minutes to leave their work premises....

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (9 Nov 2023)

Gerald Nash: ...been developed by the then auditor of the charity. This raises very serious and obvious conflict-of-interest concerns. The level of homelessness has exploded under Fianna Fáil's watch by nearly 50% since July 2020. The State will spend over €240 million on homelessness services next year. Vital public services have been outsourced to homelessness charity corporates. What...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Gerald Nash: I move amendment No. 5: In page 15, between lines 6 and 7, to insert the following: "Tax credits, etc.: report on cost of indexation 10.The Minister and the Minister for Public Expenditure, NDP Delivery and Reform shall include in their Summer Economic Statement in each year a report setting out the estimated cost to the Exchequer of adjusting— (a) tax rate bands and tax credits...

Finance (No. 2) Bill 2023: Second Stage (24 Oct 2023)

Gerald Nash: ...was warned of the deadweight effect by Department of Finance officials time and again as the Minister knows. The deadweight effect, of course, involves State support for market activity that would happen in any case. I believe we have spent over €700 million on help to buy since 2016 or 2017. Mazars reviewed the scheme and suggested that if the Government was continuing with it,...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Gerald Nash: ...some context. This year, the Government has spent €1.2 billion handing out €600 in free money to me and hundreds of thousands of others who do not need it. This figure of €1.2 billion is €100 million less than the Government plans to spend on increases to all welfare schemes next year. It is multiples of what the Government plans to spend on combating child...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Gerald Nash: ...alternative budget, Labour has ring-fenced €1.3 billion for a new public service pay agreement. The talks have yet to commence, but this would allow for a cumulative increase of in the region of 5% next year for nurses, healthcare assistants, teachers, SNAs, gardaí, council workers and civil servants. Looking at the documents, there does not seem to be any Government...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Gerald Nash: .... This is the first time since 2010 that a Fianna Fáil finance minister has delivered a budget, and what does he do? He gives nonsensical tax reliefs to landlords. Same old Fianna Fáil. Some €160 million in tax reliefs have been given to landlords. There has been more in tax reliefs given to landlords than provided, cash-wise, to individual renters. Having fixed the...

Labour Exploitation and Trafficking (Audit of Supply Chains) Bill 2021: Second Stage [Private Members] (28 Sep 2023)

Gerald Nash: ..., work in an unhealthy environment or for long hours or during the night, or work where the child is unreasonably confined to the premises of the employer. The International Labour Organization says that more than 25 million people across the world are in forced labour. To our shame, this includes millions of children who are still making goods and providing services across the supply...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Gerald Nash: I move amendment No. 59: In page 91, to delete lines 5 to 7, inclusive, and substitute the following: “44. (1) Section 46 of the Principal Act is amended, in subsection (1)(caa), by the substitution of “28 February 2023” for “31 October 2022”. (2) The Minister shall, before 14 February 2023, cause a report to be laid before Dáil Éireann on the...

Defective Concrete Products Levy: Motion [Private Members] (4 Oct 2022)

Gerald Nash: ...for those already carrying out remediation works on their homes." Like many, and we have heard it ventilated here this evening, the Labour Party is concerned about the proposal for an €80 million levy on concrete products on the basis that this will inevitably push up the price of new homes. We have already heard straight from the horse’s mouth, as it were, that...

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022)

Gerald Nash: ...support from the Bank of England, which led to investor panic and a bank run, and to Northern Rock's subsequent nationalisation. At precisely the same time that Anglo Irish Bank lent €156.4 million, in tranches over just seven months, to Siteserv to refinance its existing borrowings and to provide debt financing for acquisitions, it became the sole lender to Siteserv. Anglo...

Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed) (14 Sep 2022)

Gerald Nash: The Department is committed to remaining within the confines of the framework that it set earlier this year, temporarily moving away from the 5% commitment to 6.5% for next year. The Minister is on record as saying that. We are approaching, at least technical, full employment. Nobody could have envisaged that this time two years ago. It would be churlish of me not to recognise the...

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Gerald Nash: 142. To ask the Minister for Finance the estimated total savings to the Exchequer from applying only the standard rate of tax to all discretionary tax expenditures costing in excess of €5 million in tabular form; and if he will make a statement on the matter. [38645/22]

Written Answers — Department of Finance: Tax Data (13 Jul 2022)

Gerald Nash: 159. To ask the Minister for Finance the expected yield from introducing a digital services tax on the same basis as France, Italy and Spain with a 3% tax rate in which a digital interface is provided and advertising services are based on user’s data with a €750 million global revenue threshold and a domestic revenue threshold of €25 million and €5 million; and if...

Affordable Housing: Motion [Private Members] (10 May 2022)

Gerald Nash: ...one looks at the specific proposals for the provision of affordable purchase homes and cost rental. At the time of the launch of Housing for All, commentators such as the ESRI suggested that up to 50,000 homes a year may need to be delivered on an annual basis to meet the requirements of our growing population. Since then, as the Minister has said, the challenge has become even deeper...

Cost of Living: Motion [Private Members] (26 Jan 2022)

Gerald Nash: I move: That Dáil Éireann: notes that: — the annual rate of inflation in Ireland has risen for fourteen months in a row reaching 5.5 per cent in December, the highest in over twenty years; — the rise in inflation is being driven by increased costs for electricity, home-heating oil and gas, higher rents, housing costs and mortgage payments, and rising prices for...

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Gerald Nash: ...areas. It is really important to remember that before the pandemic hit, general Government expenditure was low compared to the countries with which we often like to compare ourselves. Strong growth of 5.25% of modified domestic demand estimated for 2022 will grow our economy, create jobs, help reduce our debt and allow us to invest more taxes raised to address the gaps in our social...

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Gerald Nash: ...recognise the decisive impact unprecedented State supports had on securing jobs, incomes and businesses and, importantly, protecting lives at the very worst of times. We should never forget that 5,000 lives have been lost since March 2020, and our thoughts today are with those people's families and friends. We must remember them and honour the dedication of those who put their lives on...

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