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Cabinet set to discuss unwinding restrictions on banker bonuses

It is part of a busy Cabinet agenda, which also includes changes to laws around organ donation
Sean Defoe
Sean Defoe

00.01 29 Nov 2022


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Cabinet set to discuss unwindi...

Cabinet set to discuss unwinding restrictions on banker bonuses

Sean Defoe
Sean Defoe

00.01 29 Nov 2022


Share this article


It is expected Cabinet will discuss the unwinding of restrictions on the benefits to bankers this morning.

It is part of a busy Cabinet agenda, which also includes changes to laws around organ donation.

Finance Minister Paschal Donohoe is bringing a report into retail banking to Cabinet, which is likely to pave the way for the lifting of restrictions on bankers bonuses.

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The €500,000 a year cap on bankers' pay is also expected to be gradually lifted as the State continues to sell its shares in the bailed out banks.

Separately, Health Minister Stephen Donnelly will bring details of a bill which introduce an opt-out system of organ donation.

It will be assumed someone has given consent for organs to be donated unless they opt out while they are alive.

Agriculture Minister Charlie McConalogue will reveal plans for fines of up to €10 million for companies involved in unfair trading with farmers.

Two workers at the building of a new house in Prague, Czech Republic in February 2014. Two workers at the building of a new house in February 2014. Picture by: Cum Okolo / Alamy Stock Photo

Housing Minister Darragh O'Brien will seek approval to raise the threshold for social housing income by €5,000 from January.

Higher Education Minister Simon Harris will update colleagues on plans for the State to jointly build new student accommodation with universities and colleges.

Education Minister Norma Foley will outline €100 million in grants to schools to meet cost of living costs.

While the social welfare Christmas bonus is set to be extended to those on long-term illness benefit for 12 months or more.

Most people remain on the payment for a short time, but some 17,500 people are on the benefit for more than a year.

Those people will get a double payment in line with other welfare payments in early December.

Ministers are pushing to get things over the line, less than three weeks out from the planned Cabinet reshuffle.


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