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DÁIL ÉIREANN · FORMER

Simon Harris

Wicklow · Fine Gael · Ireland

IN THEIR OWN WORDS

There are more than 10,000 routes and thousands of buses involved and the number of students using the services is not a million miles away from 200,000. The current terms of the scheme are going to continue to apply for the 2026-27 school year.

SITTING OF 2026-07-16 · READ THE OFFICIAL REPORT

I thank Deputy McDonald for raising what is genuinely an important issue. I do take the point that when we talk about this in the abstract or from a process point of view in here, that for people watching this is their real lived experience.

SITTING OF 2026-07-16 · READ THE OFFICIAL REPORT

There number of children who have been supported by means of the school transport scheme, as Deputy Fitzmaurice knows and has alluded to, has grown significantly in recent years. Since 2018, the number increased from 120,000 in 2018 to more than 181,000 now. Included in that figure are 24,000 pupils with special educational needs.

SITTING OF 2026-07-16 · READ THE OFFICIAL REPORT

I knew the Deputy would have to mention the GAA, especially with Galway and Limerick playing at the weekend. I wish everybody involved the best of luck. We are very committed to the school transport scheme. If the Deputy wants to see our commitment, he should look to our budget.

SITTING OF 2026-07-16 · READ THE OFFICIAL REPORT

An ageing population, increasing healthcare needs, the transition to net zero and the need for continued investment in housing, energy and infrastructure will place a significant demand on public resources.

SITTING OF 2026-07-16 · READ THE OFFICIAL REPORT

There is also a legitimacy to the point the Deputy made about how it is a legitimate form of transport for some people. We see this working in other European countries. We see it in our nearest neighbours. I do not want to get the regime wrong, but I think they have registration at the point of purchase that allows people to track this.

SITTING OF 2026-07-16 · READ THE OFFICIAL REPORT

The complete record

Every one of 4,585 lines we hold for Simon Harris, in date order, each linked to its source. Free to read, in full, without an account. Page 33 of 92.

  1. Future Forty is a very important piece of work that provides, in a way that I have not seen before in these Houses, a treasure trove of information, data and various scenarios that can help all of us - Government and Opposition - in planning for the future of our economy and society.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  2. My Department, alongside the Department of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation and the Department of the Taoiseach, is committed to developing potential enhancements to better integrate long-term strategic planning more systematically into policymaking. Future Forty will be central to this process. The report is on a “no policy change” basis. Of course, there will always be policy changes. The question for all of us is whether it is informed, intelligent and evidence-based policy. Crucially, the report looks at the advancement of technology, whether it be AI or other developments, and what that will do to productivity. What will it do in terms of being able to improve our access to healthcare as we age, hopefully with dignity, in our country?

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  3. The key finding from the analysis is that policy development in the coming decade will have a critical bearing on Ireland's long-term living standards. We will all have different views on what those policies could be but Future Forty provides us with an important evidence base and data that will be useful to all of us in our work. This window of opportunity must be used to improve efficiencies, boost our resilience and implement key structural reforms in order to raise productivity. It is only by implementing policy action on all of these fronts that we can ensure long-term economic, fiscal and environmental sustainability.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  4. The Government has already introduced several policies to respond to these challenges. First, the programme of capital investment under the updated national development plan will support productivity growth, including by crowding in private investment. In addition, continued capitalisation of the Future Ireland Fund and the Infrastructure, Climate and Nature Fund will help to offset some of these future pressures. Finally, the rollout of the pension auto-enrolment scheme, which is a very important, transformational measure, will ensure that all eligible workers, for the first time, have supplementary private pension provision, thereby alleviating pressure on the public finances and helping to improve quality of life in retirement.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  5. While people are thankfully living longer - this is a good thing, by the way - and living more active lives, the ageing population will have significant fiscal impacts for Ireland as age-related spending, including on healthcare and long-term care, increases in line with this change. It will also put downward pressure on our labour force and therefore could suppress economic growth. The exact path of our future is uncertain; the risks are tilted to the downside. However, steps can be taken to mitigate these risks and prepare for the challenges ahead. In fact, in the reading of Future Forty, it looks out for 40 years but its basic, simple message is that we have a decade to take the policy decisions that we need to take collectively to future-proof our country.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  6. Developing realistic projections of Ireland’s future population size and demographic profile is a fundamental step in the broader assessment of the long- term drivers of economic growth. The analysis demonstrates how alternative scenarios for future net migration and fertility rates can affect population and demographic projections. In Future Forty’s central scenario, the old-age dependency ratio is expected to increase - as the Deputy rightly said - from 23% in 2022 to 55% in 2065. These headwinds are unavoidable. However, even in a high migration, high fertility situation, Future Forty finds that the old age dependency rate may increase to 50% by 2065.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  7. I propose to take Questions Nos. 174 and 184 together. I thank Deputy Clendennen and I know Deputy Byrne has a similar question. Both Future Forty reports, Ireland's Demographic Outlook and A Fiscal and Economic Outlook to 2065, explore the key drivers of Ireland’s economy and public finances over the next 40 years, on a no-policy change basis. We are often accused of short termism in this place. In fairness to the officials in the Department of Finance who worked on this, this is the antidote to short termism, talking about what Ireland might look like, and not predicting it but actually putting a whole variety of different scenarios - about 2,000 of them - out there. It is really the antidote to short termism, saying, here is what Ireland could look like in 2016 on a no-policy change basis.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  8. If the Deputy believes any illegality has been committed, he should go to An Garda Síochána. The Garda is always interested in all matters related to that. I am satisfied, as Minister for Finance, that based on the information the Deputy has provided to the Department of Finance and to NAMA, that NAMA has acted at all times appropriately and in accordance with its statutory remit. That is what I am telling the Deputy here on the floor of the Dáil. I have also said, and reiterate, that in regard to any residual activity, including court cases - the Deputy referenced cases and I do not know whether they are live or not - responsibility for that will transfer to the NTMA. Perhaps that is another route through which the Deputy can raise his query.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  9. I say this respectfully and I do not want to be overly argumentative on the final day of the Dáil before Christmas, but it is unfair to say the Garda is not interested. The Garda in this country take very seriously any issues brought to its attention and if the Deputy has an issue with the Garda, there is a structure there. I just do not like those blanket statements, "The Garda is not interested" and "NAMA is not interested". It is a very serious thing to come to the floor of the Dáil, reference individual citizens of our State's tax details and numbers - I am not sure that is in order - and then basically accuse people of fraud, including State agencies. Everyone has an entitlement to his or her good name. There are very robust procedures in place.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  10. One hopes we will never find ourselves as a country in this position ever again and that is why we have to continue to budget in such a manner. NAMA's lifetime contribution to the Exchequer has been €5.6 billion and that includes cash, corporation tax and significant assets.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  11. I thank Deputy McGrath for his follow-up question. It is not a question of responsibility. I am precluded, as is NAMA, under sections 99 and 202 of the NAMA Act from disclosing confidential debtor information. Indeed, NAMA is legally precluded from disclosing that information, including specific details relating to debtors, secured assets or related transactions. The agency remains an independent commercial body. These queries the Deputy raised have been raised with NAMA and it has informed me it is satisfied it has at all times acted appropriately and in accordance with its statutory remit. If the Deputy has any further information to the contrary or concerns, I encourage him to make them available to NAMA or any other agency he feels is appropriate. Deputy Neville asked an interesting question about learnings.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  12. As the Deputy will be aware, by virtue of sections 99 and 202 of the NAMA Act 2009, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to debtors, secured assets or related transactions. I remind the Deputy that NAMA was established as an independent commercial body and I have no role in its operations or decisions. In relation to the matters raised by the Deputy, I am informed by NAMA that it is satisfied it has at all times acted appropriately and in accordance with its statutory remit.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  13. The experience of other workout vehicles internationally has shown that some residual activity, including litigation, would remain after NAMA's core work had concluded. The need to ensure that such residual activity is properly managed has been a priority of the Government and officials throughout the drafting of the Bill. Therefore the Bill will provide for a new unit to be established within the NTMA following NAMA's dissolution, to manage any remaining residual activity, including litigation, until ultimate completion. This resolution unit will report to NTMA senior management and will operate within the agency's governance framework. The vesting of this residual activity in the NTMA will ensure that any active proceedings to which NAMA was a party before its dissolution will continue to be managed effectively.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  14. As the Deputy noted, NAMA is on track to substantively conclude its operational wind-down by the end of this year. NAMA completed its final surplus payment of €450 million to the Exchequer as recently as yesterday, 17 December 2025. In total, NAMA has now contributed €5.6 billion to the State. This contribution has included cash transfers, corporation tax payments as well as significant assets transferred to the Land Development Agency, LDA, earlier this year, comprising social housing and strategic lands with the potential to deliver up to 4,500 homes. The conclusion of IBRC special liquidation and dissolution of NAMA Bill, when enacted, will finalise the phased and orderly wind-down of the agency. Priority drafting of the Bill was approved on 2 July 2024 and is currently at an advanced stage.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  15. That has real impacts on people in their bills, that is absolutely right. However, it was 3.56% in October and the European average was 3.3%. It is, therefore, absolutely prudent and sensible to say we should continue to look at what we can do at a European level. I was at meetings as recently as last week about what we can do at a European level to complete the single market and make sure there are more opportunities for Ireland, which is a small country from the point of view of population, to be able to avail of banking services across the European Union and to attract banks in. It is not just talk. We saw yesterday the benefit of a new banking organisation entering the Irish economy. We have kept the banking levy, which is a tool at our disposal and it is reviewed each year in advance of the budget.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  16. If the Deputies want to have a direct link between every loan facility and the ECB interest rate, they have to be willing to say they want it for deposits as well. That will not be good either for many Irish businesses or families. There has to be a context to this conversation because people are watching at home and it is presented to them as though interest rates are way out of kilter with the European average. The point I am making with the evidence I put on the record of the House, which is available for all to read from the ECB and the Central Bank of Ireland, is that the gap is now narrowing. I have heard it said for years that Irish mortgage holders pay the highest mortgage interest rates in the European Union. That is not true. We pay a little above the European average.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  17. We know what it was like when the banking sector collapsed in the past and the pain that caused. As announced in the recent budget, the revised form of a bank levy was further extended. Extending the bank levy in increments of one year at a time ensures the form, scope and revenue target of the levy can be assessed and calibrated on an annual basis in a manner that accounts for various factors, including the level of profitability of the sector from year to year and the performance of the liable institutions relative to one another and that is also a tool at our disposal.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  18. The latest data from the Central Bank, which publishes quarterly data on interest rates on outstanding mortgages, is from September of this year and indicates that the average interest rate on outstanding mortgages held by banks was 3.44%, down from 3.6% a year earlier. For the overall non-bank sector the weighted average was 3.78%, down from 4.39% a year earlier and for those entities in the non-bank sector, which do not engage in new lending, the weighted average was 3.91%, down almost 1.5% from 5.32% a year earlier. The Central Bank has indicated that Irish banks operate at a healthy profit level, but that gap with the EU average has narrowed more recently. Domestic banks currently maintain healthy balance sheets. We need them to do so in order that they are well positioned to absorb potential credit losses in case of adverse shocks.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  19. The more competition in the banking sector and the ability to have competition across the EU is how we can help in a sustained and policy proactive way. A number of discussions that are taking place at a European level about completing the single market in relation to that is good. Making sure this is an attractive location in which to operate banks and financial services is also important and important to consumers, including the people the Deputies mentioned. It is important, though, when we have this conversation to recognise that we are having it at a time when the weighted average interest rate on new mortgages is falling. It is 0.5 % lower than it was at the same time last year. The Deputies are right that these are real figures and have real impacts on people.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  20. The revised and strengthened consumer protection code will come into effect next March and will set out requirements for enhanced disclosure on mortgage switching options and the impact of incentives on the overall cost of credit of a mortgage. The banking industry has adopted an aligned industry-wide set of initial eligibility criteria to facilitate the switching of mortgages from non-banks to banks and has introduced a website, bpfi.ie/in-your-interest , to assist the mortgage switching process. Domestic banks currently maintain healthy balance sheets, which are also important to ensure they are well positioned in case of adverse shocks. While the profitability of the domestic banking sector is high, it is noted that it has moderated from recent highs.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  21. In the most recent budget, the Government maintained the mortgage interest tax credit at the current level for a further year and at a reduced level of relief for the following year. This will assist borrowers who have seen large interest rate increases to offset the impact of the rising cost of living. It introduced mortgage interest relief for homeowners with an outstanding mortgage balance on their primary dwelling house of between €80,000 and €500,000 as of 31 December 2022. This relief was extended in budget 2025 and again in the most recent budget for 2026. The Central Bank, through its regulatory framework, offers protection for consumers and requires that all regulated entities, including banks, retail credit firms and credit servicing firms, are transparent and fair in all their dealings with borrowers.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  22. The European Central Bank, as we know, is responsible for monetary policy in the euro area. Having declined in stages over the past 18 months, its main lending rate is now 2.15%. While changes in the level of official interest rates will feed through to the wider economy it does not have a uniform impact on the level of retail interest rates. In a market economy, the determination of retail and business lending rates is a commercial matter for individual creditors. The most recent Central Bank data shows the weighted average interest rate on new mortgages was 3.56% in October. While this is above the euro area average of 3.33%, the percentage is almost 0.5% lower than the same time last year. It is factually correct that we are above the euro but we are not the highest in the EU.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  23. It also notes that this was without the benefit of wage growth, which is now, on average, outstripping price inflation. In other words, wage growth is now rising faster than prices. The ESRI made the point that this was not factored into the 1.6%.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  24. The Deputy needs to return to the technical but not unimportant point that it is still the view not just of the Department of Finance but also the CSO that what we are seeing in the inflation rate since September has been the impact of base effects in pushing up the annual rate of inflation. As recently as my engagement yesterday with the Department, as distinct from my political views, the forecasting for the year remains largely in line with what it expects to see at the end of the year and the forecasting for next year remains as it was on budget day. Deputy Doherty will have heard the person who wrote today's ESRI report say of the 1.6% in relation to disposable income that there were protections for lower-income workers. The report specifically talks about the 1.6% relating to medium- and higher-income workers.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  25. Wages are outpacing prices, although I accept that this is happening from a very challenging position in light of the level of inflation we have experienced and the level of real impact people have experienced with the cost of goods and services over a sustained period. That is why we can debate the budget package, as we often do.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  26. I accept that cost-of-living pressures are real for people. This House regularly debates what the different policy proposals to address that should be. In my Department's projections, which are obviously provided independent of the political system, inflation was estimated to average 1.8% in the autumn forecasting round. Between January and November, it has averaged 2%. On the forecasting provided by my Department in respect of budget 2026, which was delivered in October, the forecast is actually at the outer end of the forecasts of a number of other agencies and organisations. The Central Bank was predicting 1.4%. The European Commission was projecting 1.9%. I read the ESRI report, but I also listened carefully to the ESRI's commentary on the radio this morning.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  27. In other words, annual price changes are being influenced by the very low reading recorded a year ago. In publishing its data, the Central Statistics Office outlined the role of the base effects in pushing up the annual rate of inflation since September. Taking these base effects into account, it is important to note that the price level in November was lower than in August. As a result, annual inflation is likely to moderate somewhat over the coming months. For next year, my Department is projecting an average inflation rate of 1.9% and the range of other forecasts extend from 1.4% in the case of the Central bank to 1.9% in the case of the European Commission.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  28. It is important to stress that wages are growing faster than prices and that the average worker is seeing their wages outstrip price rises for the first time in a while. As the Deputy well knows, the Department undertakes two macroeconomic forecasting rounds each year in spring and autumn. Both of these are aligned with the European Union’s budgetary cycle. The autumn forecasts published in September alongside the budget were endorsed by IFAC. The inflation rate for this year was projected to average 1.8% in the autumn forecasting round. In the year to date, namely January to November, inflation has averaged 2%. This forecast was calibrated on the assumption of an acceleration in the inflation rate in the second half of the year due, in part, to base effects.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  29. I engaged with my Department as recently as yesterday on this because we had previous engagements in certain forums in respect of it. The Department's clear view is that an uptick in inflation was anticipated in its forecasts. In that context, it points to the issue of base effects. It has provided a graph that I can send to the Deputy. These effects need to be factored in. While the headline figure for November was slightly higher than anticipated, we stress that monthly figures are volatile and the Department's assessment of inflation for next year has not materially changed. At the time of the budget, my Department forecast an annual HICP inflation rate of 1.9% for 2026. We debated the ESRI report only an hour ago. The ESRI’s forecasts were published just morning. It has revised down its forecast for CPI for next year.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  30. Governments can decide what the level of spending should be, but IFAC's concern - and, certainly, what I took from it - is that it is important that when the Government publishes a medium-term plan, it sticks to it. There is a requirement for a net expenditure growth path. Net primary spending is a technical definition of public expenditure defined as general government spending adjusted for interest expenditure, discretionary revenue measures, expenditure on programmes matched or co-financed by the European Union, cyclical elements of unemployment benefit and one-off temporary expenditure items outside the control of government. There will be a commitment to that in the plan tomorrow.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  31. Without being smart, it depends on how you define multi-annual budgeting. What this will enable us to do is set out a horizon for spending levels out to the end of the decade. That provides greater certainty for the Department of public expenditure and others to engage multi-annual funding, which interestingly is something IFAC is very supportive of. It made a very positive difference when we introduced it in health for a two-year period. I met representatives from IFAC. I do not wish to speak for the council, but its main requirement is that the Government should set out a medium-term plan and stick to it. I think I am correctly paraphrasing what was said.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  32. When there was a degree of trade certainty - insofar as there ever is in this world - or certainly more than there was earlier in the year, it gave us more confidence to publish a fiscal strategy that is a binding document. There will be plenty of time for the Oireachtas to interrogate it. I am very happy for Opposition spokespeople on finance to be provided with any briefings they require. It did need to go to the Cabinet this week. It went to Cabinet and it will be published this week too.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  33. I take the point. It would have been optimum to have an opportunity to debate it before the recess. We did make an intentional decision not to publish this earlier in the year. I was not the Minister of Finance but I was involved in the decision as a party leader. The rationale behind it, which I think was correct, was to wait and see what the international environment looked like from a tariff point of view. There was different debate and different commentary on this and we decided to publish a summer economic statement that had a one-year horizon. This was different from previous years. We decided to publish the budget.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  34. This plan will set out the Government's economic and budgetary strategy for the remainder of this decade, with a clear objective to support further sustainable gains in living standards for all in the years ahead.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  35. It required considerable thought and analysis. The plan will reflect current macro-economic conditions as well as Government decisions and priorities. The merit of medium-term fiscal planning is clear for a number of reasons, and I do not need to convince anyone of that. It provides clarity, it prevents in-year drift, and medium-term plans can help mitigate the vulnerability of Ireland's tax revenue base. Likewise, medium-term planning can also assist in preparing the public finances for fiscal challenges facing the Irish economy, such as the impact of population ageing, as we see in the Future Forty report we published last month, and crucially a credible medium-term strategy provides certainty on the domestic budgetary policy stance that can help boost private sector spending on capital investment.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  36. Yes, it has been approved and it will be published tomorrow. I am very happy, of course, to provide any advices or technical briefings that are required by Opposition spokespeople early in the new year, whenever required and in the appropriate forum. The medium-term fiscal structural plan will be published tomorrow. In line with all relevant European regulations and procedures, the plan will be submitted to the European Commission shortly thereafter. Although each member state has discretion over the content of its medium-term fiscal structural plan, MTP, information is required on three core elements: the fiscal strategy; investment plans; and structural reforms. Of these, the fiscal strategy is clearly the key component. As Deputy Nash is aware, the medium-term plan is a highly consequential document.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  37. Of interest is that if we look at the sector from 2010 to 2024, which is a longer period of time, there is an average operating profit of 5% across all firms for private motor insurance and a 2.1% profit for the liability insurance market. That is across a much longer period, 2010 out to 2024. I am also advised that insurers have released capital reserves, positively impacting profitability in recent years. Profitability trends may not be reflected in future years as a result of reserve releases. That is worth monitoring. It is also important to note that wider cyclical and long-term trends provide a more accurate reflection of market profitability. I also point out we are trying to attract more players into this market for obvious reasons.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  38. I am conscious that I put a lot of information very quickly on the record of the Dáil in the interests of the finance spokespeople here and Deputy Doherty. I will perhaps put it in a letter to the finance committee. I did not get a chance to go through all of the data in the brief time available in these back and forth exchanges. I would just make a couple of points to the Deputy. First, I will engage with the Central Bank, as he has done, in relation to the points he has made. Second, what is of particular interest is that there is some variation over the years, even as opposed to which definition one uses. This is important when we look at the sector over a longer period.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  39. I can provide them. I am very happy to do that now if the Cathaoirleach Gníomhach will bear with me for one second. In terms of the operating profits for the liability insurance market before interest and tax is deducted, it should be noted that in 2020 a loss of 15% was recorded, a profit of 11% in 2021, a profit of 15% in 2022, a profit of 16% in 2023 and an operating profit before interest and tax of 12% for 2024, the latest year for which the information is available. The data that is published in the most recent NCID, EL, PL and Commercial Property Report 5, published last week, shows on page 30 the operating profits for the liability insurance market with those taxes and expenses deducted. I will set is out in a letter, which might be easier.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  40. However, my officials have contacted the Central Bank of Ireland and sought the additional information so as to assist with the Deputy's question, some of which I will put on the record. I can provide the Deputy with the operating profits for the liability insurance market. The broader point is that regardless of whether you look at the data supplied-----

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  41. I will speak to the Central Bank as part of my regular engagement, raising the points the Deputy has raised. I am very happy to do that. The establishment of the National Claims Information Database, NCID, has greatly improved oversight of claims' costs and trends in the insurance market. Indeed, it is one of the most comprehensive and respected insurance data sources internationally. The Central Bank of Ireland, which was tasked with developing and operating the NCID, has advised my Department that operating profit comprises total income with tax, interest costs, and any other expenses deducted. This is fully consistent with previous NCID reports and ensures alignment with other reporting requirements for insurance undertakings issued by the Central Bank.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  42. With regard to the operating profits for motor insurance companies before interest and tax deduction, the position shows that operating profit displays annual variability and has fallen from 13% in 2020 to 5% in 2024. To break this data out, operating profit was 13% for 2020; 16% for 2021; 13% for 2022; 9% for 2023; and 5% for 2024. I can provide those figures in writing. The data published in the latest national claims information database, NCID, private motor report 7 shows, on page 29, that operating profits for motor insurance companies, taking account of tax, interest costs and other expenses deducted, have also displayed variability over the years. The relevant figure was 12% for 2020; 14% for 2021; 12% for 2022; 8% for 2023; and 4% for 2024.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  43. It will build on its predecessor which was the catalyst for many changes, including the implementation of the personal injuries guidelines to replace the book of quantum, the commencement of legislation to enhance and reform the role of the Injuries Resolution Board in order to reduce the number of claims proceeding to costlier and time-consuming litigation, and the establishment of the Office to Promote Competition in the Insurance Market within the Department of Finance. As part of the development of the new plan, the Department of Finance undertook a wide-ranging public consultation that received over 70 detailed submissions. There are ten priority actions, focused on the areas of greatest impact. I will come back to some of that information in a moment.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  44. At the outset, I pass my sympathies, and those of everyone, to the Minister of State, Deputy Robert Troy, whose father, Paddy, has passed away. Robert is, obviously, a Minister of State in the Department of Finance and we think of him and his family at this time of loss. I thank Deputy Doherty for his question. The programme for Government, Securing Ireland’s Future, sets out a range of commitments to build upon the reforms delivered to date in the insurance sector. On 24 July, the Government launched its Action Plan for Insurance Reform, which includes a comprehensive set of targeted actions aimed at improving affordability, availability and transparency across the insurance sector. I thank the Minister of State, Deputy Troy, for his work on this.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  45. I thank Deputy Farrell for raising this important issue, which was rightly raised in this House today. The British ambassador was present here today, as Deputy Farrell and others have raised this issue. I know the ambassador will convey the depth of feelings and concerns of Members of this House to the British Government. I will also raise the issue with the Minister for Foreign Affairs and Trade and Government colleagues and, indeed, with our embassy in London on foot of the Deputy raising it today.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  46. I thank Deputy McGreehan very much for highlighting this issue as we approach the 50th anniversary. We think of Jack Rooney and Hugh Watters and their families and all those injured and all the families impacted. This is an issue that both the Minister for justice and Minister for Foreign Affairs and Trade are working on raising at every opportunity, including with the British Government. Indeed, I remember it in my previous posting. We now have the legacy framework, and that has to work in all directions. There is no hierarchy when it comes to victims. There is no hierarchy when it comes to terror. Everybody needs to have answers, truth and justice. Both the Minister, Deputy O'Callaghan, and the Minister, Deputy McEntee, will continue to raise this. I will ask them to update the Deputy accordingly.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  47. The hospitals in the midlands are noted for the work they are doing. There is a very good hospital in Tullamore. There is little doubt that a bit of work needs to be done in terms of preparing for the future. I am pleased to say the HSE CEO has now confirmed that the Dublin and midlands region of the HSE will conduct an analysis and an action plan to include expressions of interest to see what possibilities there are for newer additional capacity to be provided. This will specifically include the Deputy's suggestion of consideration around elective care. This will advance in quarter 1 of next year.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  48. As is often the case, Deputy Clendennen has made a valid, logical point that would make a real difference to patients, patient care, congestion and life. It works on a lot of levels. I join with him in saying it is a very significant week for the midlands and for Offaly in relation to the news of Offaly County Council's decision regarding the new hospice facility. We often highlight rightly here the challenges we have as a country. One of the areas in which we have had a lot of success over the last number of years is the provision of hospice facilities through partnership, collaboration and working with communities. This is really good news for the midlands. The Deputy is always rightly on to the next project as well, and there is merit in looking at how we can work in the midlands in terms of elective care.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  49. It is not for me to make an announcement here, but I certainly think it is inevitable that it will have to be reopened so that a resolution can be found. I will pass on the Deputy's views to the Minister.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT

  50. I thank Deputy O'Rourke for raising this serious and important issue. I think we would acknowledge on all sides of the House that this is something that was done for a good reason, which is the idea of trying to get sight of the number of children who would require a special educational needs place earlier because it is not fair, and it is far too stressful to leave it too late. It was the germ of a good idea, and, in fact, it needs to come earlier every year. I have spoken to some of these parents, and I am aware that sometimes there can be a delay for a good reason. People might not be able to get access to certain reports they need or whatever. Life can happen, and there are a number of parents who will require places for their children. The NCSE is giving consideration to it. I am not in a position to comment.

    SITTING OF 2025-12-18 · READ THE OFFICIAL REPORT