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Michael McGrath, Spokesperson on Finance

Michael McGrath

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Constituency

Cork South Central

Contact

Constituency Office, Kilmoney Road, Carrigaline, Co Cork. 
Tel: 021-4376699 (Office 9-5pm)

www.michaelmcgrath.ie

Email

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Personal Details

Born August 1976, Michael is originally from Passage West. He lives in Carrigaline with his wife Sarah and their five children.

Local News

Noonan must press Draghi on timeline for conclusion on Anglo debt negotiations – McGrath

The Minister for Finance Michael Noonan must press the President of the ECB Mario Draghi today on a timeline for a conclusion to be reached on the negotiations surrounding the debt associated with the recapitalisation of Anglo Irish Bank and Irish Nationwide Building Society (now known as ‘Irish Bank Resolution Corporation’ or IBRC), according to Fianna Fáil Finance Spokesperson Michael McGrath. Read More | Share

Govt must address ‘excessive fees’ of Special Manager appointed to Credit Union – McGrath

Fianna Fáil Spokesperson on Finance Michael McGrath has welcomed the statement by Minister of State Brian Hayes in the Dáil this afternoon that the fees being paid to the Special Manager appointed to Newbridge Credit Union by the Central Bank are ‘excessive’ and ‘should be reviewed’. Minister Hayes was responding to a topical issues debate in the Dáil submitted by Deputy McGrath. Read More | Share

Vat increase means extra €50 million cut to health services in 2012 – McGrath

The Government’s decision to increase the standard rate of Vat by 2% in last December’s budget will cost the HSE €50 million in 2012, according to a Dáil reply from the Minister for Health to Fianna Fáil’s Finance Spokesperson Michael McGrath. Deputy McGrath estimates that the cumulative impact of the Vat increase across the public sector exceeds €100m in 2012. Read More | Share

Targeting pensioners for extra tax cash deliberate part of Government’s Budget strategy – McGrath

The Budget announced by Minister for Finance Michael Noonan on 7 December 2011 provided for additional taxation receipts from the targeting of pensioners by the Revenue, even though the initiative only emerged this week following demand letters being received by pensioners, according to Fianna Fáil Finance Spokesperson Michael McGrath. Read More | Share

Vita Cortex ‘inability to pay’ claim must be rigorously assessed – McGrath

The Department of Social Protection needs to conduct a rigorous assessment of the claim by Vita Cortex that it is unable to pay the redundancy due to the 32 former workers at the Cork plant, according to Fianna Fáil Finance Spokesperson and Cork South Central TD Michael McGrath. Read More | Share

Ambitious jobs strategy with specific targets needed to tackle unemployment crisis – McGrath

The Government needs to come forward with an ambitious jobs strategy early in 2012 with specific job creation targets to tackle the country’s unemployment crisis, according to Fianna Fáil Finance Spokesperson Michael McGrath. Read More | Share

Taoiseach must clarify Irish position on Financial Transactions Tax - McGrath

The Irish Government needs to clarify its position on the proposed introduction of a European Financial Transactions Tax in light of the comments by a French Minister that the tax will be in place by year end, according to Fianna Fáil Finance Spokesperson Michael McGrath. Read More | Share

Midnight Vat increase will further depress consumer sentiment when economy is at its weakest

The 2% Vat increase which takes effect at midnight tonight will further depress consumer sentiment at a time when the domestic economy is at its weakest point, according to Fianna Fáil Finance Spokesperson Michael McGrath. Read More | Share

FF publishes bill to bring greater transparency to complaints record of financial institutions

Fianna Fáil Finance Spokesperson Michael McGrath TD has published a Bill empowering the Financial Services Ombudsman to publish and report upon complaints, investigations and adjudications against regulated financial service providers. Read More | Share

Minister Noonan must seek mortgage interest rate reduction at Permanent TSB – McGrath

Fianna Fáil Finance Spokesperson Michael McGrath has called on the Minister for Finance Michael Noonan to proactively engage with management at Permanent TSB to bring its interest rates into line with market rates. Read More | Share

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Political Record

Current Spokesperson on Finance.

Michael was first elected to local government in 1999 as a member of Passage West Town Council, and subsequently secured a Cork County Council seat in 2004.

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

In 2007, Michael was elected to the Dáil for Cork South Central. He is a member of the Public Accounts Committee. He has been appointed as Fianna Fáil Spokesperson on Financial Sector Reform.