The report from the Company Law Review Group takes over 150 pages to decide: “Yerra, ’twill do”.
In my report to Government two years ago on the sale and liquidation of Clerys, I wrote of the widespread public concern about the way Clerys was closed and how those whose livelihoods depended on the business were treated.
When a company becomes insolvent, then clearly not all creditors can be paid in full. Hence the vital importance of ensuring that there has been fair dealing with the company’s assets and that all property that should be available is used to pay off the company’s debts.
In yesterday's Irish Examiner, Brendan Howlin wrote about why fiscal space will be a headache for Leo.
AS I write, harried officials in the Department of Finance are looking down the back of every sofa in Merrion Street.
The National Economic Dialogue (NED) took place over two days last week and the fiscal space isn’t nailed down. The new Taoiseach, Leo Varadkar, is talking about hidden fiscal space. That’s a far cry from the budget transparency we were promised.
After all, the NED is supposed to discuss what to do with the money available on budget day.
Forget Shane Ross and the judges. This is the real mess on the Taoiseach’s plate.
In the last 3 months, we have started selecting young vibrant candidates to contest the next General Election.
Six general election candidates have now been selected – Aodhán Ó Ríordáin (Dublin Bay North), Rebecca Moynihan (Dublin South Central), Ged Nash (Louth), Deirdre Kingston (Dun Laoghaire) Andrew Montague (Dublin North West). Martina Genockey (Dublin South West)
By the end of the year, we expect to have completed our selection conventions. Leo is saying he won’t call an early election, but if he does, we’ll be ready.
Labour is working hard in local authorites for you in communities right across the country. Over the last few weeks Labour Councillors have been elected as mayors and chairs of local authorities and municipal areas.
On Thursday, Dáil Éireann passed a Labour Party motion that calls on the Government to postpone the sale of AIB shares until the fiscal rules are changed to permit enhanced capital spending, rather than using these proceeds to deliver a meaningless reduction of just over 1% to our debt-GDP ratio.
Michael Noonan has now announced that he is going to ignore the decision of the Dáil, and that is not good enough. Sign our petition that calls on the Government to abide by the decision of the Dáil.
The first defeat suffered by this Government was in relation to the rights of those who work. Back in June of 2016, the Labour Party tabled a motion on this area, and got enough support from across the house to win Dáil approval for our policies.
Since then, the Government has shamefully ignored that motion, which called for the introduction of a living wage of €11.50 per hour throughout the public sector. And they seem to have ditched their own commitment to substantially increase the national minimum wage. To this useless Government, votes in the Dáil don’t matter. And neither do their own promises.
In yesterday's Sunday Business Post, Brendan Howlin wrote about why selling 25% of AIB is of no benefit to us.
The Lord Giveth and the Lord taketh away. And so it is with Michael Noonan and Paschal Donohoe.
Not too long ago, we were treated to an announcement of the Capital Review, the first truly post-crash opportunity to look at our capital funding requirements. The following week, we were briefed on the contracting fiscal space for 2018 and the need for Ministers to pare back programmes in their Departments. Announcing the capital review Minister Donohoe said resources were very, very, very constrained. Contradictions abound.