Economy

Renewed calls for AIB to remain in public ownership

Taoiseach Enda Kenny’s revelation that the government intends to use revenue from the sale of 25% of the state’s stake in AIB for debt reduction has been met with calls to keep the bank in state ownership. Currently, 99% of AIB is owned by the state. Reacting to the Taoiseach’s statement in the Dáil yesterday [...]

2019-05-19T10:00:31+00:00March 22nd, 2017|

High cost of billionaire tax-break passports slammed

Quarter of Irish billionaires ‘only Irish for tax purposes’ A quarter of the eight Irish billionaires listed on Forbes magazine’s billionaire list are former American citizens, who have received huge tax breaks as a result of adopting Irish citizenship, according to Workers’ Party councillor Éilis Ryan (North Inner city Dublin). Cllr Ryan was referring to [...]

2019-05-19T10:00:32+00:00March 21st, 2017|

An Bord Pleanála hearing on Clery’s must focus on €1.5m Council Levy exemption

There have been calls for An Bord Pleanála to examine a €1.5 million council levy exemption granted to developer consortium Natrium, at the planning appeals hearing of the controversial Clery's development which begins tomorrow (Monday). Workers’ Party councillor Éilis Ryan, who will address the appeal hearing tomorrow, will ask why the controversial development has been [...]

2019-05-19T10:00:32+00:00March 19th, 2017|

Quarter-billion AIB dividend highlights madness of bank re-privatisation

Banking policy amounts to ‘public handouts for bankers in hard times, profit privatisation in good times.’ Ryan calls for AIB to be kept in public ownership as a public investment bank. Government plans to re-privatise state-controlled bank AIB have been slammed as “public handouts for bankers in the hard times, and privatisation of profits in [...]

2019-05-19T10:00:32+00:00March 2nd, 2017|

Government move on vulture funds and overseas accounts purely symbolic

Cllr. Éilis Ryan Dublin Workers’ Party Councillor Éilis Ryan has said that the newly introduced measures on vulture funds and tax avoidance are purely a symbolic move to assuage public anger while in real terms property speculation and overseas tax avoidance remain a highly lucrative enterprise for those with significant wealth. Cllr. Ryan [...]

2019-05-19T10:00:40+00:00October 21st, 2016|

Noonan’s disastrous obsession of reducing debt to GDP ratio will fuel austerity

Jimmy Dignam, Workers' Party representative Dublin North West The Workers' Party Dublin North-West representative, Jimmy Dignam, has warned against Minister Michael Noonan's plans to cut Ireland's debt-to-GDP ratio to 45% over the next decade. Dignam stated: “People should be very concerned about Fine Gael's plans to reduce our debt-to-GDP ratio to 45%, exactly [...]

2019-05-19T10:00:40+00:00October 11th, 2016|

Government must not appeal decision in Apple tax case

WP says tax windfall must be used for 'public compensation fund' to build public housing Apple revenue could build 72,000 houses in Ireland   The Workers’ Party has today (30th August) issued a call for the government not to appeal the European Commission's Apple tax decision, but to  establish a ‘Public Compensation Fund’ with money recouped [...]

2019-05-19T10:00:42+00:00August 30th, 2016|

ESB should complete stalled Mayo Renewable Power plant

Another failure by private sector highlights the strength of the public sector WP President Michael Donnelly The Workers’ Party President, Michael Donnelly, called on the government to allow the ESB Group, through Eirgrid, to take over the construction of the  Mayo Renewable Power  generation station at Killala saying that once again the private [...]

2019-05-19T10:00:43+00:00July 22nd, 2016|

Water protests have put privatisation on the back foot – Friday’s election should ensure it is taken off the agenda

Time to repudiate the McCarthy Report on the sale of State Assets Cllr. Ted Tynan, the Workers’ Party candidate in Cork North Central has said that the massive backlash against water charges and Irish Water had put the outgoing government’s privatisation plans seriously on the back foot but he  feared  these plans could be revived [...]

2019-05-19T10:00:51+00:00February 23rd, 2016|