Saturday 10 December 2016

Martina Devlin: The great housing paradox - how to build homes without giving builders a €50m perk

Published 12/10/2016 | 02:30

Former Taoiseach Brian Cowen
Former Taoiseach Brian Cowen

I never thought it would come to this, but deep breath and here I go. I'm about to quote boom-to-bust taoiseach Brian Cowen on developers. Wait, no, I can't just introduce him off-the-cuff like that, I need to work up to it.

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Michael Noonan delivered his sixth Budget yesterday. We've been through some crushing Budgets with this Finance Minister, so it was no surprise to hear another speech peppered with "prudent" and "affordable" dampeners.

That's all right - we've been borrowing €1.5bn to run the State this year, with another €2.2bn next year. Let's be prudent and consider what's affordable before opening the coffers.

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