Mr. James Coghlan:

On social housing, I am not expert on this topic but it is clear we have a housing issue in the country. It is difficult to come up with solutions. We need to get our data right in the first instance. Evidence-based decision making is always something to aspire towards. If we get the data right, we can then make better decisions. I imagine the purpose of the rainy day fund is to ensure there is a fund of money available for spending when in a counter-cyclical environment spending needs to be made on the public side. When private sector investment is down the spend is from the capital account and in that instance the Government would possibly use a rainy day fund. I recognise the requirement for infrastructure investment. There are other capacity constraints, including in terms of finance, which is a major issue on the private sector side in particular; and in terms of skills. I recently read that we will need 80,000 construction workers in the near future to deliver the capacity we expect in the construction sector. As I said, as a first step we need to get the data right.