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Gilmore demands inquiry into banks

Posted on December 16, 2009

A year ago saw the resignation of Sean Fitzpatrick as chairperson of Anglo Irish Bank following the revelation that he had been moving personal loans from Anglo to another institution and back in order to conceal them. Since then we've seen a Garda raid on the bank and we are told that the Director of Corporate Enforcement is doing an investigation. Today during Leaders' Questions the Labour Leader Eamon Gilmore TD demanded to know when the Government will establish such an inquiry.

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Permanent link | Comments | Categories: FinanceLeaders QuestionsEamon Gilmore

Taoiseach must explain the extent of the pay cuts announced in last week's Budget says Gilmore

Posted on December 15, 2009

Today's Leaders Questions saw the Labour Leader Eamon Gilmore TD question the Taoiseach about the extent of pay cuts announced in last week's Budget.

Eamon said: "I want the Taoiseach to tell me if the cuts in pay will apply not alone to direct employees of the State but to all bodies, as stated in the Bill, which are wholly or partly-funded directly or indirectly out of moneys provided by the Oireachtas or from the Central Fund."

Following the Taoiseach's response where he fudged the issue Eamon said it was because the Taoiseach does not know what the impact of the pay cut will be because it did not assess what its impact will be on low-paid employees and those on social welfare.

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Permanent link | Comments | Categories: FinanceLeaders QuestionsBudget

Budget - anti-family, unfair and divisive

Posted on December 09, 2009

The Labour Leader Eamon Gilmore TD

The Leader of the Labour Party, Eamon Gilmore TD writes here about the Budget

This is a budget that is viciously anti-family, fundamentally unfair and socially divisive.

Everyone knew that a tough budget would be required because of the unprecedented economic shambles created by Fianna Fail over the past twelve years, but few people could have anticipated a budget that would be so lacking in fairness.

The reduction in child benefit will hit the incomes of most families in the country. An across the board cut in child benefit will hit to low to middle income families particularly hard and runs the risk of plunging even more children into poverty.

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Permanent link | Comments | Categories: FinanceBudgetbudgetBudget

Budget Watching

Posted on December 09, 2009

All eyes will be on the Dáil this afternoon as the Minister for Finance Brian Lenihan TD unveils his Budget which is widely expected to be one of the hardest, toughest and meanest in a long time. There are a number of places where you can follow what is happening. If you are online you can watch the proceedings within the House on the Oireachtas website, or on Irish Election.

RTE and TV3 will both be broadcasting the Budget speeches live among their Budget coverage. The Irish Times, Irish Independent and Irish Examiner also have dedicated Budget coverage as do Newstalk.

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Permanent link | Comments | Categories: FinanceBudgetbudgetBudget

Before Government takes money from people, it must explain how many billions paid to banks, says Gilmore

Posted on December 09, 2009

Speaking ahead of this afternoon's Budget speech the Labour Leader Eamon Gilmore TD demanded that the Government explain how many billion euro have been paid this year to the banks.

Deputy Gilmore told Cowen that he must tell the people how much the banks have been paid, before he takes money out of people's pockets in today's Budget.

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Permanent link | Comments | Categories: Finance

Deputy Joan Burton speaking on Labour's Pre-Budget submission

Posted on December 04, 2009

In this post our Finance Spokesperson Deputy Joan Burton talks about our Pre-Budget submission which was launched today.

Between flash floods, swine flu and our ill-fated World Cup adventure there is little in the way of hope and optimism about these days. Non-stop talk about our faltering economy does nothing to lift the sense of gloom.

Even with a hairshirt budget on the horizon, however, I think there is cause for hope.

Ireland can and will get through our economic difficulties as long as we focus relentlessly on tackling the jobs crisis.

Yes, we need to deal with the Fianna Fáil budget deficit, but we need to do it fairly.

We need to protect people who depend on child benefit or the old age pension to make ends meet.

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Permanent link | Comments | Categories: FinancebudgetJoan Burton

The old guard are back to their old ways - Gilmore

Posted on November 18, 2009

"The old guard are back to their old ways, they are trying to call the shots," the Labour Leader Eamon Gilmore TD said in the Dáil today during Leaders' Questions.

Eamon made the remarks following the revelation that AIB wished to appoint the same person as chairman and chief executive, an executive chairman, as well as appointing a managing director internally and exceeding the cap on salaries.

Eamon said: "One newspaper reported this morning that the Minister for Finance went to Cabinet seeking approval for the salary sought by the bank; that is €633,000. Is this the case? Will the Government allow AIB to appoint the same person as chairman and chief executive and what level of pay will be approved for the post?

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Permanent link | Comments | Categories: Finance

NAMA is the biggest corporate welfare cheque ever written - Gilmore

Posted on November 12, 2009

This afternoon the NAMA Bill finishes its journey through the house with the Government proposing to guillotine discussion on the Bill.

We are opposing the proposal to cut short the debate, not just for procedural reasons but because of the scale of the proposals.

During the Order of Business this morning in the Dáil the Labour Leader described NAMA as the 'biggest corporate welfare cheque ever written' even though we are told everyday there is no money.

Eamon said: "There is no money for the Christmas bonus, no money for child benefit, no money for paying wages, no money to help people in trouble with their mortgages and no money for initiatives to get people back to work but there is no shortage of money for the banks."

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Permanent link | Comments | Categories: FinanceSocial & Family Affairs

Lenihan refuses to close Golden Circle's tax loophole, as cuts to welfare are threatened

Posted on November 10, 2009

Today's Leaders' Questions saw the Labour Leader Eamon Gilmore TD raise an issue uncovered by our Finance Spokesperson Joan Burton TD regarding millionaires' tax loophole.

Eamon's questions centred on the Golden 10, the people who were lent money by Anglo Irish Bank to buy shares in order to bail out the bank and bail out an even larger shareholder. In her parliamentary question, Joan asked if it was the case that the Golden 10 can write off their losses against future capital gains tax liabilities. In his reply Minister Lenihan confirmed that this was the case and said he had no plans to change the law.

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Permanent link | Comments | Categories: Finance

The Road to Recovery and Sustainable Prosperity

Posted on November 10, 2009

'The Road to Recovery and Sustainable Prosperity' is the title of this weekend's Pre-Budget seminar organised by our finance spokesperson Deputy Joan Burton and held in the Westbury Hotel from 10.30am (Saturday, November 14th from 10.30am to 2.30pm).

Following on from the successful 'State of the Nation' event held last February, Joan has lined up a list of impressive and excellent speakers including Paul Sweeney, economic adviser to ICTU, Professor Karl Whelan of UCD, Dr Alan Barrett from the ESRI, Paul Rellis, Managing Director of Microsoft Ireland.

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Permanent link | Comments | Categories: FinanceJoan Burton

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