Finance

REMITTANCES FROM IRELAND

2 December 2019

Following recent political commentary, and in the interest of establishing facts, I asked An Taoiseach to provide me with figures outling the remittances from Ireland, to countries around the world in each of the years 2016 to 2018 and to date in 2019. In response to my question, An Taoiseach said: “The Central Statistics Office … Continue reading Remittances From Ireland

THOUSANDS OF OVER 70’S BATTLING TO PAY MORTGAGE

26 November 2019

Thousands of old age pensioners are living in fear of vulture funds repossessing their homes; figures supplied to me by the Central Bank and the Minister for Finance suggest. Journalist John Drennan covered the story in the Irish Daily Mail and this can be read below. Thousands of Over 70’s Battling to Pay Mortgage Thousands … Continue reading Thousands of Over 70’s Battling to Pay Mortgage

OLDER PEOPLE GRAPPLING WITH MORTGAGE ARREARS

18 November 2019

Figures supplied to me by the Central Bank and the Minister for Finance suggest there are significant numbers of older people still paying off their mortgages; and even more significantly, a worrying number of these mortgages are in arrears. The Irish Times published an article detailing this, and it can be read here. They also … Continue reading Older People Grappling with Mortgage Arrears

AUTO-ENROLMENT PENSION SCHEME MUST REMAIN IN STATE CONTROL

31 October 2019

This morning, I appeared on RTÉ’s Morning Ireland to discuss the implementation of the long-awaited pension auto-enrolment scheme. The Government must ensure the newly announced pension scheme remains in State control, as I am concerned that privatising the scheme would lead to significantly higher charges and costs for workers. You can listen back to my … Continue reading Auto-Enrolment Pension Scheme Must Remain in State Control

ESRI SHOWS FINE GAEL AND FIANNA FáIL HAVE DELIVERED A REGRESSIVE BUDGET

11 October 2019

Today’s publication by the ESRI of their analysis of Budget 2020 confirms what was said on Budget Day – that Budget 2020 is regressive. It also highlights a potential issue with the figures presented by the Minister for Finance due to his reliance on compliance measures for €175m of revenue which are “inherently uncertain” and … Continue reading ESRI Shows Fine Gael and Fianna Fáil Have Delivered A Regressive Budget

BUDGET 2020: BREXIT BUDGET

8 October 2019

Brexit Budget fails to protect those on low and fixed incomes There will be a great deal of sadness, frustration and disappointment in hundreds of thousands of Irish homes tonight as older people in retirement and on pensions from the Department of Employment Affairs and Social Protection, carers and people with disabilities who rely on … Continue reading Budget 2020: Brexit Budget

LABOUR’S ALTERNATIVE BUDGET: WE CAN BUILD AN EQUAL SOCIETY IN BUDGET 2020

3 October 2019

Today (3rd October), the Labour Party launched our Alternative Budget for 2020. You can read my comments on it and download the document here. Our economy is in much better shape now than it was ten years ago and the tax returns yesterday confirm that. But this Government is not able to manage spending properly … Continue reading Labour’s Alternative Budget: We Can Build An Equal Society in Budget 2020

RAINY DAY FUND SHOULD BE DEPLOYED IN A NO DEAL BREXIT

12 September 2019

With the Budget due to be delivered on the basis of a No Deal Brexit, Labour Finance spokesperson Joan Burton TD has said there should be a commitment to using the money available in the Rainy Day Fund to support industries and jobs impacted by a crash out exit by the UK. Deputy Burton said: … Continue reading Rainy Day Fund Should Be Deployed In A No Deal Brexit

BACKING LAGARDE CALL FOR MORE EU ECONOMIC STIMULUS

5 September 2019

Labour Finance spokesperson Joan Burton TD, has welcomed calls for EU governments to engage in more economic stimulus. The comments were made by Christine Lagarde at the European Parliament Committee on Economic and Monetary Affairs. Deputy Burton said: “I welcome Christine Lagarde’s argument for the European Central Bank to be agile and to react to … Continue reading Backing Lagarde Call For More EU Economic Stimulus

WHO WILL TAKE RESPONSIBILITY FOR TRACKER MORTGAGE SCANDAL?

17 July 2019

Labour Finance spokesperson Joan Burton responding to the final examination report from the Central Bank on the tracker mortgage scandal said we still don’t know who will be held responsible for the decisions that caused this, and called for an independent investigation now to tell us how it happened. Deputy Burton said: “The examination action … Continue reading Who Will Take Responsibility for Tracker Mortgage Scandal?