The Reform Alliance has launched its proposals for political reform.

They include plans to link any changes to TD and senator pay to average earnings in the private sector and to limit the terms of office for ministers.

In response to recent reports that the group is going to set up a new political party, Reform Alliance member Denis Naughten said it is not on the agenda.

Reform Alliance is made up of five former Fine Gael TDs and two senators.

The alliance is proposing beginning the Budget process in July.

Under the plans, this would see ministers presenting both their budgetary plans and the planned outcomes to the relevant Dáil committee and also to the Dáil and Seanad.

The alliance is also proposing that cabinet members would serve a maximum consecutive period of one term plus two years.

When asked about the possibility of setting up a new political party, Fidelma Healy Eames said a new party would not make much of a difference at present, while Mr Naughten said it was not on the agenda.

As for a possible return to Fine Gael, Ms Healy Eames ruled it out, but Billy Timmins said he did not know what the future holds.

Mr Naughten said his position was already clear.