Dáil debates

Thursday, 18 May 2017

Other Questions

Help-To-Buy Scheme

5:20 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Following the last discussion, it would be helpful if the Minister indicated whether the Government intends to respect the outcome of the vote on the resolution passed in the Dáil not to sell AIB shares. He should do that during Question Time.

My question relates to the help-to-buy scheme, a matter Deputy Michael McGrath has already teased out with the Minister. Our position on it is very clear. It is a bad scheme. The Minister talked about learning lessons from what happened in the past, yet he brought forward an incentive that would only result in an increase in house prices. Everybody and his or her dog warned the Government about this before the incentive was introduced. Many pointed to the fact that we had escalating house prices as a result of the Minister's failed help-to-buy scheme. Will he agree, at a minimum, to suspend the scheme? It made no sense to introduce it in the first place. It is a contributory factor in putting houses beyond people's reach and it could potentially lead to another boom-bust scenario.

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