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Blog Archive | Finance

"How much of the €90 billion is represented by property abroad? - Gilmore

Posted on April 08, 2009

Leaders' Questions today saw the Labour Leader demand that the Taoiseach explain exactly how much of the €90b development is related to property abroad.

He said: "There is one aspect of the Supplementary Budget Statement I wish to pursue with the Taoiseach. This is the plan by the Government to take all the property which represents their bad debts off the hands of developers - the half-finished apartments blocks we see everywhere, the empty hotels and office blocks and the land that was bought at exorbitant prices on borrowed money from the banks.

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Working families to bear Budget brunt - Gilmore

Posted on April 07, 2009

"People who pay for everything are being asked to pay again," Labour Leader Eamon Gilmore said this evening following today's budget speech.

Today's Budget as feared will place an enormous burden on middle-income earners, between massive taxes on gross income, loss of early childcare supplement and loss of mortgage interest relief. Despite the urgent need for action on jobs, there was nothing in the Budget to incentivise new jobs and while the Government has taken on board Eamon's idea of 'Earn and Learn' for short-time workers, there are just 277 places.

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Greatest false economy is to pay people to do nothing

Posted on April 06, 2009

Just the Job - Deputy Willie Penrose, Labour Leader Deputy Eamon Gilmore and Deputy Ruairi Quinn at the launch of our 'Just the Job' strategy.
Deputy Willie Penrose, Labour Leader Deputy Eamon Gilmore and Deputy Ruairi Quinn at the launch of our 'Just the Job' strategy.

Today we launched our priorities to deal with the unemployment crisis, 'Just the Job'. In the past year more than 173,000 have signed on the Live Register and the need for jobs and training opportunities has never been more acute.

The Labour Leader Eamon Gilmore launched the document with our Enterprise, Trade and Employment Spokesperson, Deputy Willie Penrose and our Spokesperson on Education Deputy Ruairi Quinn.

Speaking at the launch Eamon said: "The more people who continue to lose their jobs, and the longer people stay on the live register, the more expenditure in other areas will have to be cut to pay for it.

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Permanent link | Comments | Categories: EducationEnterprise Trade & EmploymentFinance

Labour launches €2.8b budget package

Posted on April 02, 2009

Building a new, better and fairer future

Today the Labour Leader Eamon Gilmore TD, Finance Spokesperson Joan Burton TD and Senator Alan Kelly, our Euro candidate for Ireland South launched Labour's pre-Budget submission.

Speaking at the press conference Deputy Gilmore said the €2.8b budget package contained "detailed proposals setting out the crucial steps we believe must be taken in this budget if the economy is to be turned round" adding that the budget must be fair and support jobs.

"I have a number of concerns about the government's intentions in regard to next week. I am concerned that they will not take any significant measures to address the jobs crisis. I am also concerned that those on low and middle incomes are again going to be the primary target of the government."

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Unemployment reaches 371,000

Posted on April 01, 2009

For the third successive month we are experiencing the highest unemployment figures we have ever had in the history of the country. The latest unemployment figures were raised today during Leaders' Questions in the Dáil by the Labour Leader Eamon Gilmore.

Since Christmas 2007 more than 200,000 people have lost their jobs bringing the job loss total to 371,000.

He said: "Two weeks ago Labour proposed a set of measures to address the immediate problems of people losing their job and who are likely to be out of work for some time, including education, training and unfortunately the Government voted down those proposals."

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Come clean with the opposition and the country about Budget plans - Gilmore tells Cowen

Posted on March 25, 2009

Once again Leaders' Questions saw Labour Leader Eamon Gilmore press the Taoiseach to come clean about the public finances and in particular what financial target the Government is hoping to achieve in the emergency Budget taking place on April 7th.

"You should tell this House what the target is, this isn't your money, this isn't the Government's money, you are not running a private business over there," Eamon told the Taoiseach.

"You are running our business, the public business; this is about tax payers' money. It is about time you came into this House, levelled with us levelled with the people of this country about what the scale of this problem and lets all get down to dealing with it collectively."

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Gilmore challenges Cowen to end Crony Capitalism

Posted on March 24, 2009

Leaders' Questions today saw Labour Leader Eamon Gilmore challenge the Taoiseach to end crony capitalism.

Deputy Gilmore pressed the Taoiseach to explain how it would take one month to investigate bonuses paid to Mr Fingleton, the Irish Nationwide boss who received a €1m bonus after the State guarantee of Irish financial institutions.

Eamon told the House that the Minister has the power to require these bonuses to be repaid under the law and that it should not take a month to establish the facts.

Eamon asked: "What payment was made, when was it made, who authorised it, was there clearance sought by the Minister, the department, the financial regulator? This, Taoiseach, is required to be dealt with quickly."

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Gilmore urges Cowen to act on unemployment catastrophe

Posted on March 04, 2009

This morning in Leaders' Questions the Labour Leader Eamon Gilmore TD raised the continuing and worrying rate of unemployment growth when it was revealed that 350,000 people are now signing on. Eamon told the House that this is an extra 200,000 since the General Election costing the public purse €4b.

Eamon went on to press the Government on what the estimated number of people losing their jobs this year will be and the added cost of these people losing their jobs to public finances.

In addition he called on the Taoiseach to 'stop dancing around' and reveal the date of the supplementary Budget which was announced yesterday in the Dáil yesterday.

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We are all paying the price, not fairly and not equally - Gilmore

Posted on February 19, 2009

This week saw the Labour Party table a Private Members' Motion on the pensions levy.

Proposing the motion on the first night of the debate which took place on Tuesday evening, the Labour Leader Eamon Gilmore spoke of how we are all paying the price in our current economic crisis but he added that we were not paying fairly or equally.

"Fianna Fail again and again failed to intervene in runaway property speculation and unsustainable lending practices by the banks. Failed to hold those in the golden circle to account. And now we are all paying the price.

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Gilmore continues pressure on Cowen

Posted on February 18, 2009

With each day that passes it seems that more and more revelations are coming out about the behind the scenes dealings in Anglo Irish Bank.

In Leaders' Questions today the Labour Leader Eamon Gilmore asked the Taoiseach why he continued to give a tax advantage to what is essentially a form of shared gambling that was used extensively by major shareholders in Anglo Irish Bank.

You can find out more in the accompanying video and read the full debate in the Oireachtas website.

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