Mr. Tom Parlon:

I do not think so, no. This is where it is so competitive. I have been saying repeatedly that if and when the Government puts its social housing tenders out, they will get a very competitive response. Offering the lowest price is forcing people into going in below-cost, which does not make any sense. That ends up with cutting corners and people not getting paid in the supply chain, and so on, and probably results in a poorer quality product.

I was at an event this morning where a developer-architect from Dallas told me that construction inflation in Dallas has been running at 1% per month for the last 48 months. We are not anywhere like that. Inflation is a factor and people are scarce.

Product is under pressure now as well. I know that some particular product suppliers who had had their particular facility mothballed over the last number of years are now opening them up. That is expanding now. If we move from the 19,000 houses we built this year to 35,000, however, that will obviously cause inflationary pressure. There is no way around it. Clearly, if the Government starts tendering for the big capital projects it has promised then this will also bring its own inflationary pressure.