Causes of closures and liquidations
MacSharry sought the reasons for closures and liquidations, associated job losses, and whether banks or the Revenue Commissioners were responsible. The Minister gave annual liquidation and receivership figures, argued they did not establish job losses or economic decline, and invited MacSharry to submit a question on the causes; MacSharry continued to demand an explanation and criticised the Minister.
Can the Minister give the House any idea as to the reasons for such a massive number of liquidations and closures, the total number of jobs lost and if he has any details as to whether it was the Revenue Commissioners or the banks who were responsible for the closures? Surely, he should have that information.
Comment on this
(Limerick East): It is very difficult to relate liquidations or receiverships to job losses. It does not necessarily follow that because you have a large number of liquidations that you have a large number of job losses. In 1983, there were 522 liquidations; in 1984, 584 and in 1985, 632. In that context, 384 liquidations to date this year is not a massive number of liquidations.
Comment on this
(Limerick East): There were 136 receiverships in 1983; 112 in 1984; 165 in 1985 and 58 so far in 1986. Therefore, it does not bear out the conclusions the Deputy draws. I would like to point out that in the United States whose economy is very buoyant at present they have never had as many liquidations. It does not necessarily follow that an economy is going down when you have liquidations. Very often, when people are trying to establish new businesses there are many liquidations.
Comment on this
——he must be in a position to inform the House from any objective assessment he has done as to what are the continuing reasons for the huge job losses, closures and liquidations. He must have some reasons or else he is not doing the job he is intended to do.
Comment on this
We want to know the information. The Minister who is responsible is in the House and he should tell us what is the position or is this going to continue?
Comment on this
(Limerick East): If the Deputy wants on one of his frequent visits from Europe to put down a question I will answer it.
Comment on this
(Limerick East): I do not think it is courteous to other Deputies that the Deputy should piggy back on somebody else's question.
Comment on this
Would you inform the Minister that every Deputy in this House has the same rights to ask questions. For his information he is not too long in it but he seems to know an awful lot about nothing.
Comment on this
(Limerick East): If the Deputy puts down a question about this matter I will answer it.