Mr. Miche?l Mahon:

I am the same as the Deputy and in my day job I see these letters and price increases every day as well so I understand where he is coming from. There is no doubt that we are in unprecedented times with inflation.

I will go back to the Deputy's point on the cost per square foot. Our report clearly states that it is a snapshot in time of February 2022. The devil is in the detail and there have been some comparisons done. This needs to be compared and contrasted. People might be comparing figures that comply with the current building regulations and they might be including foundations or more site works.