James Carroll (Fianna Fail)

I wish to request a debate on the subject of reducing VAT as a stimulus measure. I am particularly interested in the reduction of VAT to 5% in respect of energy upgrades, repairs, maintenance and improvements to private dwellings. A move such as that to which I refer is allowable under the sixth EU VAT directive. There would be five benefits to a move of this nature, namely, it would lead to the creation of jobs, a reduction in domestic fuel bills, stimulate activity in the construction sector, be of assistance in tackling the black economy and - I know the Deputy Leader will be in agreement with regard to this aspect - enable the Government achieve its targets in respect of reducing carbon emissions.

I submitted my proposals in respect of this matter to the Minister for Finance, Deputy Brian Lenihan, this morning, and to the Cabinet, this afternoon, in order that it might be debated. I accept there is a back-and-forth element to discussions in this Chamber but there is no doubt that Members must put forward specific ideas and stimulus measures for the forthcoming budget. I hope the Deputy Leader will take on board my request for an urgent debate on this matter.