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Michael McGrath, Spokesperson on Finance

Michael McGrath

Working for a better future

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Constituency

Cork South Central

Contact

Constituency Office, Main Street, Carrigaline, Co Cork. 
Tel: 021-4376699 (Office 9am-5.30pm)

www.michaelmcgrath.ie

Email

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Personal Details

Michael was born on 23rd August 1976 and grew up in the harbour town of Passage West with his family. He is the second youngest of five children. His mum Marie comes from Togher outside Cork City and his late father Jack was from Bantry in West Cork. Michael attended primary and second level school in Passage West. He went on to secure a Commerce degree from UCC and subsequently qualified as a Chartered Accountant with KPMG in Cork City. He also gained commercial experience in the private sector as a financial controller of a medium sized Cork business. Michael lives in Carrigaline with his wife Sarah and family. Michael has a keen interest in sport including golf, soccer and GAA.

Local News

Finance Bill must scrap property tax increase – FF

Fianna Fáil Finance spokesperson Michael McGrath has said the Government must take the opportunity of the Finance Bill this week to scrap the planned increase in property tax bills in two years’ time. Read More | Share

Budget 2015 built on borrowed money to buy votes – McGrath

Fianna Fáil Spokesperson on Finance Michael McGrath has said the Government’s budget today proves Fine Gael and Labour are clearly motivated by the short term and fails to set out any credible vision for fairness and solidarity in recovery. Read More | Share

Budget must deliver fairness and recovery for all – FF

Fianna Fáil has today published its proposals ahead of Budget 2015 with the focus of the measures on building a more caring society and investing in critical frontline services for citizens. Read More | Share

FF warns govt may break pension levy promise for second time – McGrath

Fianna Fáil Spokesperson on Finance Michael McGrath has warned that the government may break their promise for the second time to abolish the levy on private pension funds in next week’s budget. Read More | Share

Sale of Danske loan SME loan book underlines need for legislation to protect borrowers – McGrath

Fianna Fáil Finance spokesperson Michael McGrath has described the problem of legacy debt held by the SME sector as the forgotten crisis within the Irish banking sector. Read More | Share

Government must robustly defend Ireland’s Corporation Tax System – FF

Fianna Fáil Spokesperson on Finance Michael McGrath has called for the government to give the highest priority to ensuring that Ireland’s standing as a country with a transparent and OECD compliant corporation tax regime is fully defended. Read More | Share

FF warns against premature sale of AIB

Fianna Fáil Spokesperson on Finance Michael McGrath has said it is far too soon to contemplate the state disposing of a significant stake in AIB. He was commenting following media reports that the Government is considering an early sale of 30% of its holding in AIB. Read More | Share

Government must not surrender Ireland’s competitive tax position – FF

Fianna Fáil Spokesperson on Finance Michael McGrath has said he is concerned by reports that the Government is going to act unilaterally in the forthcoming budget to make changes to the rules governing Ireland’s corporation tax regime. Read More | Share

ECB must act as rip-off interest rates being charged on new mortgage loans and SMEs – McGrath

The European Central Bank (ECB) must act in view of the rip-off interest rates being charged on new mortgage loans and SMEs, and the failure of the main banks in Ireland to pass on successive ECB rate cuts to SMEs, variable rate mortgage holders and other personal borrowers, according to Fianna Fáil Finance Spokesperson Michael McGrath. Read More | Share

Legislation urgently needed on sale of mortgages to unregulated entities – McGrath

Fianna Fáil has repeated its call for the government to move swiftly to introduce legislation to protect mortgage holders whose mortgages have been sold to unregulated entities. Read More | Share

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Political Record

Michael is currently the Fianna Fáil Spokesperson on Finance.

At the age of 22, Michael was first elected to local government in 1999 as a member of Passage West Town Council. He was Chairperson of the Town Council in 2000-2001 and subsequently secured a Cork County Council seat in 2004 in the Carrigaline Electoral Area.

In February 2005, Michael resigned from a senior finance post in UCC to concentrate on his role as a public representative.

In 2007, Michael was elected to Dáil Éireann for the constituency of Cork South Central at the first attempt. He has been a member of the Dáil Public Accounts Committee and the Joint Oireachtas Committee on European Affairs . He is currently a member of the Joint Oireachtas Committee on Finance, Public Expenditure and Reform.

Just prior to the 2011 general election, the new Leader of Fianna Fáil Micheál Martin TD appointed Michael as the party's Spokesperson on Financial Sector Reform.

Following the death of Brian Lenihan, RIP, Michael was appointed as the party's Finance Spokesperson in August 2011.