A senior official at the Central Bank has stated that the Sinn Féin bill giving mortgage holders a veto on their loans being sold to so-called ‘vulture funds’ “will have potentially severe unintended consequences”.

Department of Finance officials vehemently rejected accusations by a TD that they are “batting for the banks” by opposing the so-called “no consent, no sale” bill.

Environment Minister Alan Kelly’s proposals to use the taxation system to solve the worsening housing crisis were met with fierce opposition from Department of Finance officials.

The Government does not negotiate individual tax rates or tax arrangements with multinationals, Revenue’s Eamonn O’Dea told the Oireachtas finance committee hearing into taxation.