Results 6,261-6,280 of 35,563 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: So 20% will involve a higher cost than what Mr. Armstrong is suggesting because they are not scheme developments or apartments. They are larger and thus will involve the use of more concrete and blocks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Was it the Department for Housing, Local Government and Heritage that did the analysis in the note we received?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Mr. Hennessy suggested that the levy will "result in an increase in construction costs while taking account of variables of between €400 to €800". However, that is not the all-in cost. Is that not so?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Yes, but for anybody watching these proceedings, the public line that has been given by the Minister over and over is this same. Let us deal with that. This is not the real cost, that is, the all-in in cost of the levy on a house. Is that not so?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Yes, but just so everybody-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Yes, but just so everybody understands that the impact of this levy, as currently proposed, on a typical three-bedroom house is not the upper end of €800 all-in cost. Is that not a fact?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: I refer to the all-in cost. Does Mr. Armstrong understand? I want to make it simple.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: We can deal with this in a minute, but the public are hearing about soft costs and hard costs. It is sometimes difficult to understand if you are not involved in the industry. Can we just talk about what people understand? What will be the impact of this levy on the all-in cost of a house now? I would argue the message being portrayed is that it is between €400 and €800,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Okay, so it is not-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Thus, the upper end is €1,100, which, in fairness, is not far off the €1,200 figure the SCSI has presented. The Department calculated those costs using tender returns. The officials may correct me if I am wrong, but this seems a bit bizarre but they have excluded the impact on costs caused by the hyperinflation we are seeing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: They have excluded temporary works. They have excluded the impact of the Russia-Ukraine conflict. They have excluded abnormal ground conditions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: The officials have looked at the tender costs and said if all these things did not happen, this is what the tender cost would be and then applied the 5% levy.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Just explain the methodology.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Mr. Armstrong is saying he and his colleagues have ignored even the projected inflation we all know is happening next year. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: The levy does not apply now; it will not apply until next September. Have the officials just ignored the fact prices are going up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: Okay. Was it factored in?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: So the impact of the levy will increase.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Concrete Block Levy: Discussion (26 Oct 2022)
Pearse Doherty: So is it the case the impact of the levy is likely to increase the costs of a dwelling potentially beyond the upper limit of €1,100, given we are going to see construction inflation increase between September, when the Department took the snapshot, and the levy taking effect a year later?