Joan Burton: Cabinet may act to lower mortgage rates

Tánaiste Joan Burton has warned banks who refused to lower variable mortgage rates that they will be targeted by Government in the next budget.

“I’ve been listening to some of the testimony by the bankers and others [at the banking inquiry], and loss of memory and slight amnesia seems to be a feature,” said the Labour leader.

“Have they quite forgotten the level of support that was given to them by people in Ireland in terms of the bailout?