Enda Kenny (Mayo, Fine Gael) | Oireachtas source

It is very important that there be a functioning banking system. That is why we have great regard for what the credit unions and smaller operators do. That is why there has been an increase in big firms applying for commercial banking licences so that firms that use their equipment can have access to credit. That is why the budget changed the regulations for thresholds for access to credit and VAT thresholds for small firms. That is why the motor industry is facilitating finance for vehicles which is coming from places other than mainline banking. That is why the Minister for Finance, Deputy Noonan has said he is open to suggestions for a third banking force in the country so there can be competition for the provision of credit.

We are acutely aware of the housing provision problem and the Government will respond to that in the next couple of weeks with a comprehensive response for the construction sector. Deputy Boyd Barrett knows how important it is; so do we. I know the pressures on people, many of whom have families and are living in apartments that are too small and want to get a detached house. They need space and the supply of houses is not there.

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