Mr. Simon Carswell:

The relationships are down the blame list as to who is responsible but they are a factor, of course they are. We know, and the three banking reports have gone into this, that the tax incentives that were there for the property market certainly fuelled the boom, not just in buying land but in lending. If a person could get their property sold quickly and could get a tax incentive to do so, to make it cheaper to borrow money or to buy land, then the banks would be encouraged to lend to that person, absolutely.