Oireachtas Joint and Select Committees

Wednesday, 22 February 2023

Committee on Budgetary Oversight

Report of the Commission on Taxation and Welfare: Discussion (Resumed)

Dr. Tom McDonnell:

Of course. As a new company it would begin with those modern methods without any investment in other techniques. Again, it would take a period of time to set up properly. It is not something that could be set up in 12 months, at least not with the appropriate level of workers required, but the housing crisis is not going away. It is going to take some years to solve. We have seen not just in Ireland but in almost every other country that it is an extremely volatile market. That creates a volatility for workers and makes it extremely unattractive, but having a State player in the market can make construction much more attractive. It is not just about building houses but also, as Mr. Nugent mentions, retrofitting, the just transition and the particular skills we will need to develop over the next five, ten or 15 years to make the net-zero transition. Mr. Nugent and a colleague, Paul Goldrick-Kelly, wrote a paper on those skill sets a number of years ago. That is a longer way of saying that we would be in favour of public enterprise, and we think that construction in the housing sector needs to be the first port of call because there is no evidence whatsoever that it is being solved.