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When we talk about big bang, we are really talking about bringing in the statutory elements of the tenancy at a specific date, as provided for in section 9. Our legal advice is that the existing contractual elements of the tenancy would continue to apply at that date.
We need to do that so that people are aware of the date. I will certainly write to advise the Minister for Justice and the Executive that we want to address this matter substantively on 2 May and that, for us to do so properly, we will really need to know some of the detail before that date.
At present, the only collateral that a tenant has is his livestock. No bank manager would invest in a depreciating asset such as a building, which might not be able to be realised at any time.
If not, we need to find alternative and more complex ways of arranging things, but many people back off from that approach.The idea of a bank of staff already exists in the direct payments scheme.
As members might expect, private sector businesses are not keen on doing that, especially if they have a monthly business plan to sort out for the bank. We are aware of issues that may discourage private sector involvement in the programme.
As members might expect, private sector businesses are not keen on doing that, especially if they have a monthly business plan to sort out for the bank. We are aware of issues that may discourage private sector involvement in the programme.
Where is the social justice in forcing students to be more in debt to the banks and the credit card companies, and in forcing them to work longer hours because their loan entitlement has been cut?