Ministers in Dublin discuss launch of Public Service Apprenticeship Plan

The transcript discusses the slow pace of banks in passing interest rate benefits to depositors, highlighting the disparity between the UK and Ireland. It emphasizes the overlap between savers and mortgage holders and the role of profit in banking. The government's decision to maintain and review the banking levy is explored, considering the changing banking landscape in Ireland. The importance of the levy in supporting public services and the need for competitive lending are also discussed.

What percentage of interest rate benefits is passed on to depositors in Ireland?

• 50%

• 43%

• 7%

• 25%

What is the government's position on the banking levy?

• To remove it completely

• To leave it unchanged

• To extend and review it

• To increase it significantly

Why is profit considered a good thing in the context of banking?

• It is a result of inflation

• It results from hard work and innovation

• It is mandated by the government

• It is earned through exploitation

How has the banking model in Ireland changed recently?

• From a four-bank model to a two-bank model

• From a five-bank model to a three-bank model

• From a three-bank model to a five-bank model

• From a two-bank model to a four-bank model

What is the purpose of the ongoing review of the banking levy?

• To increase bank profits

• To ensure banks contribute to public services

• To reduce competition among banks

• To eliminate the levy