Independent TD for Wicklow and East Carlow. Fighting for job creation, economic justice and political reform.

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Finance
Discussing the promissory notes in the Central Bank

Discussing the promissory notes in the Central Bank

On Friday, July 25, I met with Central Bank Governor Patrick Honohan to discuss the debt formerly known as the Promissory Notes. I visited the Central Bank as part of a delegation of TDs and MEPs, which included Nessa Childers and Luke ‘Ming’ Flanagan, and protestors from Ballyhea. The promissory notes debt hasn’t gone away,...
More must be done for thousands of households in Mortgage arrears

More must be done for thousands of households in Mortgage arrears

The Joint Committee on Finance, Public Expenditure and Reform has issued a report on the mortgage arrears resolution process. It highlights the inadequacies of the Government’s response to date. The Government’s failure to act decisively means we have turned an economic crisis into a human one. As legislators, we’ve been failing those in debt. We...
Any chance of Equality Budgeting, Minister?

Any chance of Equality Budgeting, Minister?

In July, I asked Minister Brendan Howlin whether he has considered any of the proposals in the Equality Budgeting Submission I sent him last year, and whether he would provide a distributional analysis of the proposed budgetary measures to Dail Eireann, before budgets are passed. Equality Budgeting is an approach to economic policy-making that uses...
Debt issue must be tackled for SBCI to succeed

Debt issue must be tackled for SBCI to succeed

Wedged between Garth Brooks on Wednesday and Cabinet musical chairs on Friday, something very useful happened in the Dáil on Thursday. Legislation was passed to create a new publicly-owned bank. The bank could lend up to €5bn to small- and medium-sized companies in Ireland. If this can be matched with policies to tackle over-indebtedness, we...
What would a wealth tax cost us?

What would a wealth tax cost us?

We shouldn’t introduce a wealth tax in Ireland – we should makes changes to the ill-conceived property tax to turn it into a real wealth tax that’s stable, smart and reasonable. Here are four quick reasons why. One, the property tax is neither the wealth tax, nor the local service fund, we’re told it is....
Chatting to Patrick Honohan about Anglo Irish Bank

Chatting to Patrick Honohan about Anglo Irish Bank

On the 30th April, I asked Governor of the Central Bank, Professor Patrick Honohan, his opinion on the recent Anglo Judgement. I asked him whether he believes it’s acceptable that some of the banks are publicly stating they will go against the spirit of the new insolvency legislation. We now have a judgement saying that...