Mr. Sebastian Barnes:

Housing is obviously an important part of the way the economy works, probably more so in Ireland than most places. The tax system clearly does interact with that. Again, as a council, that is the sort of tax issue we do not look at in the context of taxation design. Housing is a very complicated issue and there are other people who know more about it than we do as a council. It is definitely important to look at this issue. We know the damage housing bubbles have caused in the past. We also know that housing is very important to the competitiveness of Ireland. As the Deputy said, it is important to the way people consume, save, plan and where they work. There are many issues. It is something we are constantly keeping an eye on and it is important for tax revenue as well.