Camillus Glynn (Fianna Fail)

I am sure Members on all sides of the House will deplore the fact that the recent interest rate reduction has not been passed on in full to mortgagees. It is a desperate situation which deserves the highest condemnation from all sides of this House and indeed all sections of society, given the fact that this affects young people who must take out very expensive mortgages in order to purchase their own home. I deplore the fact that the full extent of the rate reduction has not been passed on.