Abolition of USC for low earners will protect low paid and incentivise work

Published on Tuesday, 06 December 2011 14:22

Michael D'Arcy has welcomed the measure announced in the budget by Minister Michael Noonan that the Universal Social Charge (USC) is to be abolished for people who earn less than €10,000. Up to now the USC applied to people who earned €4,000 or more. “This will positively affect 330,000 people including the low paid, part time workers and students. This measure is a deliberate effort to protect the lowest paid, encourage spending, incentivise employment and help to keep people off the live register.  “As things currently stand the …

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Take home pay will not be hit by budget

Published on Tuesday, 06 December 2011 13:12

Measure is designed to reward workers and get people spending I welcome the Government's decision not to increase income tax in the 2012 budget.   “I was delighted to hear Minister Noonan announce that there will be no increase in income tax. This highly significant announcement will be welcomed by every full time worker in the country. If you are an income tax payer, your take home pay will be the same in 2012 as it is now. For the first time since the downturn occured the budget has not targeted income tax. We have taken this stance …

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Increase in mortgage interest relief major boost to boom-time buyers

Published on Tuesday, 06 December 2011 13:11

Minister for Finance, Michael Noonan, to honour a Fine Gael commitment to increase mortgage interest relief for those who bought their first home at the height of the property bubble. “I have raised this issue with the Minister on a number of occasions, as it is something that is of huge importance to families who are struggling to meet their mortgage repayments. This measure was something that Fine Gael promised to implement if we got into Government, and I am delighted that we have been able to live up to that commitment.” “Many peo …

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D’Arcy welcomes Govt N11 decision

Published on Thursday, 10 November 2011 12:21

Michael D'Arcy Following the Government's capital expenditure announcement for the coming years, Senator Michael D'Arcy is pleased to confirm that there has been no downgrade of the N11 project – the Newlands Cross/N11 PPP will be advanced, subject to funding. Unfortunately access to PPP funding is strained in the current climate and the Government is preparing to re-enter the bond market in order to bolster exchequer funding for infrastructure projects. The key point here is that despite the deferment of other infrastructure projects, there has been no c …

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Banks must pass on rate reductions to avert mortgage arrears crisis

Published on Wednesday, 09 November 2011 12:16

- Taoiseach to consider legislation forcing banks to do so The ECB just last Friday reduced interest rates by ¼ % but already too many of the banks are resisting passing this reduction onto hundreds of thousands of hard pressed customers. So far Permanent TSB, KBC, Irish Nationwide, Bank of Scotland (Halifax) and EBS (just yesterday 8th November) indicated that they will reduce their rates in line with the ECB reduction; the others have not. The two dominant players in the mortgage market – AIB and Bank of Ireland, have not yet indicated …

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State-sponsored banks, should not mean bank-sponsored violence against indebted families

Published on Sunday, 23 October 2011 01:06

It is with a heavy heart that I must bring this matter to public attention. I have been approached about a worrying trend of heavy handed tactics being employed by financial institutions settling overdue debts by the retrieval of assets. It has been brought to my attention in the past number of days that some of these debt collectors, who are hired on behalf of lending institutions supported by the State, may have criminal records. It appears to be harder to become a licensed pub bouncer than a debt collector and I am very concerned at the l …

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Generations of Public Service

michael darcy Did you know Michael Darcy Senior (Michael's Father) has served as a public representative for North Wexford and Fine Gael since the 70's, playing a huge part in various projects and amenities.

Make an appointment

fine gael If you wish to discuss something or are looking for assistance on a project or issue important to you we welcome your query. Appointments can me made to visit my constituency office in Gorey and as a public servant my doors are always open.

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