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Deduction For People Paying High Interest On Mortgages

The Tánaiste says people paying high interest rates on their mortgages WILL get a deduction.

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And she says banks who refuse to pass on lower rates to customers could face a levy or some other sort of sanction.

Joan Burton's comments follow those of Michael Noonan who yesterday raised the prospect of a levy on banks who won't lower their rates.

In the Dail this lunchtime the Tanaiste insisted that the variable interest rates WOULD be lowered.

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