Professor Alan Barrett:

This relates to banking issues. One of the big worries is that builders interested in building will not be able to raise finance to do so. This feeds into the issues raised earlier and discussed at the committee previously. It is one of the market failures whereby people who want to build will not be able to move in. This raises the question of whether there should be more proactive State engagement. It is a very difficult thing to design but we cannot completely ignore it as a problem.