As the Deputy will be aware, the Government has already intervened to help absorb the impact of rising energy prices for households and businesses with two packages of measures worth over €750 million. The first package of measures introduced in March reduced excise on fuel, cut the National Oil Reserves Agency, NORA, levy to a nominal amount and enhanced the diesel rebate scheme. We also extended the fuel allowance season by an additional four weeks. This meant that 470,000 households received additional financial…

I am not sure that the Deputy's take on the Irish people is where they are at. The Irish people get the fact that this Government responded with one of the largest packages of support in the European Union, so nobody has been asked to wait at all. We reduced excise on diesel and petrol and put in place measures for key sectors. All of that benefits every citizen in this State in terms of trying to put some downward pressure on what the Deputy rightly said was rising inflation. The Department of Finance estimates th…

The Deputy is doing it again. The Deputy is speaking for the people of Ireland. We both went to Galway and we put our cases to the people. The Deputy said, "Send a message to the Government on the cost-of-living crisis - vote Sinn Féin", and the people of Galway West said, "Now, hang on a second here. We can see through this." The Deputy should have a little humility in terms of coming in here speaking for the people of Ireland and that the Deputy is in touch with everyone and I am out of touch. We just had an elec…

I appreciate the Deputy's support for the initiative. The living city initiative is provided for in Chapter 13 of Part 10 of the Taxes Consolidation Act 1997. It offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings located within special regeneration areas. Often these are inner city or central town areas where there is above-average unemployment and which demonstrate clear evidence of dereliction, perhaps …

That is a fair point. Truthfully, I do not know whether Revenue went out and marketed the scheme previously. From my recollection, it is generally the local authorities that promote the scheme and obviously the Revenue Commissioners that administer the scheme. On the Deputy's broader point as to whether we should have roadshows or workshops, absolutely we should. On foot of the Deputy raising this here this evening, I will talk to the Minister, Deputy Browne, from the local authority perspective, and my own officia…

As I say, I am positively disposed to that. We passed a law in this House to make this living city initiative available to five more regional towns, including places such as Drogheda and Dundalk. We all want to see it succeed now. We have tried to show flexibility as a Department and as a Government in terms of enhancing the scheme. In the previous Finance Act, there were a number of enhancements. First, the scheme was extended to the end of 2030. Second, it is now available to residential properties built before 1…

The European Union does not work in the manner in which the Deputy described. It is not about forcing anybody's hand. We are members of the European Union. The Deputy's party did not support joining the European Union, but we are members of it and sit round the table and make decisions together. It clearly makes sense in a single market that if you are introducing a taxation system around energy, you would endeavour to examine the measures available at European level and try to move in concert. That is the position…

I fully accept that it is the very clear position of the Government that if we were to act on windfall taxation, we would do it at an EU level because of the interconnectedness of the EU market. That is the position of the Government. This week, Deputy Doherty wants to fund the new measures he would like to do outside of a budget with a windfall tax.

The transcript of the Dáil will show-----

Let me speak, Pearse. Come on.

The angry routine is not working. Just let me speak. I thank the Deputy. I thank the Cathaoirleach Gníomhach. The transcript will show that Deputy Doherty talked about bringing in a windfall tax measure that could help to provide supports families and businesses.

This is my time. I am allowed to speak. I might be allowed to suggest the Deputy might tell me what the purpose of it is if he does not believe it is for that. Last week, he wanted us to use the surplus. The point is we have put in place one of the largest energy support packages in the European Union. We are working at an EU level because a co-ordinated approach matters. Being isolated and not working at a European level does not work for this country's economy.

He just used all of my time.

I do not have a script.

That is the problem.

It is also important to note, as the Deputy referenced the last time, that when the temporary solidarity contribution was brought in, and this is already facing multiple legal challenges in the Court of Justice of the European Union, the actors questioned the legality of the measures and the actors questioned the retroactive elements of the measure. Claimants are arguing that the EU incorrectly adopted the levy under Article 122 of the Treaty on the Functioning of the European Union, TFEU, as emergency measures rat…

I thank the Deputy for this important question. A number of tax incentives that are in place are intended to encourage investment in indigenous businesses, particularly in our small and medium enterprises. These measures include the employment investment incentive, the research and development tax credit, the start-up capital investment and the relief for investment in innovative enterprises, also known as angel investor relief. The research and development tax credit is another tax relief that is now making a sign…

I thank the Deputy. He said he wanted to put something on the record of the Dáil so let me do that as well. While the Deputy is right that we should always be cautious about our economy and never take economic stability or growth for granted - sometimes that seems to be the case in our discourse - I contend that the country has structurally learned a lot of lessons in terms of plans and actions from the crash. That ranges from the fiscal rules we have in place to our level of indebtedness, both at a national level …

That is right; we need to take it deadly seriously. I do not mean this about Deputy O'Connor but about me. I always think that speaking with great authority on something that is fast evolving is challenging because we are all learning about this in real time. That is not an excuse or a reason not to take it extremely seriously because the countries that work out how best to respond to this are the countries that will do the best. We have only to look at the Future Forty report, which my Department published. It ref…

I thank an Teachta O’Callaghan very much for the question. I have read the report of the Joint Committee on Finance, Public Expenditure, Public Service Reform, and Digitalisation and it has also been reviewed by my officials. It was published last August. It sets out 15 recommendations, some directed to the Central Bank of Ireland and others to the Government. Chief among the recommendations made is that the Government engage at EU level with a view to amending the prospectus regulation. I directed that senior offi…