Taoiseach Enda Kenny has said the Government aim to bring in a system that is fair and equitable for people who are in mortgage and debt distress. Responding to criticisms of draft personal insolvency guidelines, Enda Kenny told reporters in Dublin the guidelines were only indicative and would not apply in all circumstances. He [...]
Read More >Tag Archives: Enda Kenny
8th March 2013
Mortgage arrears plans to be enacted next week
The Taoiseach has told the Dáil that the Government plans to introduce new structures within the next week to deal with people who are under pressure with their mortgages. Enda Kenny was responding to questions from the Fianna Fáil leader Micheál Martin, who said rank-and-file gardaí were struggling to pay their mortgages because of pay-cuts [...]
Read More >
21st February 2013
Taking property tax from bank accounts will be a last resort, insists Taoiseach
Taoiseach Enda Kenny has said plans by the Revenue Commissioners to take the property tax from people’s bank accounts, salaries or social welfare payments would only be a last resort. Revenue Commissioner Josephine Feehily confirmed to an Oireachtas Committee the range of powers that can be used to ensure compliance with the tax. Ms Feehily [...]
Read More >
21st January 2013
More than a third of property tax revenue will be spread around the country
More than a third of revenue brought in from the new property tax will be shared out around the country. The news comes after Taoiseach Enda Kenny revealed at the weekend that just 65% of revenue brought in from the new tax will be ring-fenced for the area in which it is collected. Despite claims [...]
Read More >
12th December 2012
Fianna Fáil hits out at “unfair” property tax
Fianna Fáil has hit back at the government’s new property tax proposals, branding them “unfair”. The opposition party has accused the government of ignoring “a fundamental canon of taxation law” in its proposals for the property tax. Fianna Fáil leader Micheál Martin said “ability to pay” was an essential element for the implementation of property [...]
Read More >
7th November 2012
Interest only mortgages not the answer to crisis, insists Kenny
Taoiseach Enda Kenny has said putting distressed mortgage holders on “interest only” mortgages will not solve the mortage arrears crisis. Mr Kenny told the Dáil yesterday that the only solution to the crisis was for each lender to work through cases on an individual basis. He said that efforts to tackle the problem were beginning [...]
Read More >
18th October 2012
Taoiseach calls on banks to engage with those in mortgage arrears
The Taoiseach Enda Kenny has told banks to “get up and do it now” and engage with mortgage holders in distress. It comes after the Central Bank’s Fiona Muldoon, claimed financial institutions were behaving like teenagers in dealing with the arrears crisis. Mr Kenny has told the Dáil that if banks don’t engage on a [...]
Read More >
16th October 2012
Leitrim councillor expresses fears over property tax
A councillor from County Leitrim has aired his fears that the forthcoming property tax will drive struggling households deeper into the poverty trap. Cllr Sean McSharry asked: “How can a government ask homeowners to give an honest evaluation on homes that are in serious negative equity compared to the purchase price valuation?” Quoted in the [...]
Read More >
10th October 2012
Taoiseach won’t interfere in AIB rates rise row
Taoiseach Enda Kenny has insisted the government cannot intervene in mortgage rate increases. His comments came in the wake of AIB’s two interest-rate hikes in two months. Amid opposition claims that the government is abandoning struggling homeowners, Mr Kenny said it is necessary for the bailed-out bank to return to profitability. AIB announced its standard [...]
Read More >
11th September 2012
Property tax will be fair, insists Taoiseach
The planned value-based property tax will be as fair, affordable and equitable as possible, Taoiseach Enda Kenny has insisted. The Mayo man said people will be informed of the new charge well in advance as he attempts to steer the Government away from a repeat of confusion around the introduction of water and household levies. [...]
Read More >
no way has it bottomed out as the next budget will crucify us even further. Overspending in heal...
