Mr. Neil McDonnell:

Ideally, we should be putting away money. The Deputy is correct that accommodation is a problem right now. Currently, people expect employers to solve that problem but it is not possible for them to do so. Perhaps there is an ingenious way around monetising or securitising the provision of social and affordable housing right now that, for instance, could be used to bridge the long term pension deficit. We can try to fund that through payments back to local authority housing. We do need to spend money on housing now but we also need to stop spending in the round because we are going to run out of money quite soon.