Cian O'Callaghan (Dublin Bay North, Social Democrats)

Yes, and as I said, it is a good measure, but it is not sufficient on its own. Actually, combined with these other measures that are fuelling land prices, they are kind of working against one another. I support the RZLT. It is a good measure. Is the price of development land falling? No. Is housing becoming more affordable? No. It is all going in the wrong direction, so more clearly needs to be done. As the Minister knows, there is a large amount of expenditure in this area, both through direct investment and these tax expenditures, that, to be frank, are not working in a combined sense. I do not think anyone would say that it is at an optimum level in terms of outcomes, so we need at the very least to review the levels of some of these tax expenditures and see whether we could get better outcomes through more direct investment. The Minister, in our previous exchange on this, cited a very good example of productivity and innovation from the public sector delivery on this. I am not against private sector delivery at all - it has to be a key part of what happens - but I am just saying we need to look at the supports and see whether they are increasing productivity or are actually not increasing productivity, as the evidence from the Central Bank clearly shows.