Water charges will pay for the neglect of contractors
Nama isn't the only device by which we will pay for the favouritism shown to profiteering speculators, writes Colum Kenny
Homeowners will have to pay €1bn in water charges annually from 2011. This latest financial blow comes on top of job losses, pay cuts, rising taxation, increased health costs, higher bin charges and other extras above the official rate of inflation.
So why is the Government introducing this new burden, running to hundreds of euro per household each year?
For one thing, the tax will boost a struggling construction sector, whose influence within Fianna Fail is strong and which is partly responsible for the current crisis in Ireland's water supply. They will be paid to install a meter in every home and to upgrade piping.