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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: I remember the question I had.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: It is a one-line question. Can I ask it?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: Has the Minister of State a figure for the administrative costs of collecting the €470 million in property tax, and if he does not, could he supply it?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: I asked for the administrative costs of collecting the property tax.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: Is there a figure for that online cost?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: Are we dealing with section 7?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: Every opportunity must be taken to highlight the scandalous suite of measures being introduced by this Government to provide a form of corporate welfare to private developers to enable them to profit from the current housing crisis of which Home Building Finance Ireland, HBFI, is another component. Every opportunity must be taken to highlight the scandalous suite of measures being introduced...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: The Minister of State has made a very interesting and accurate admission. This will not be of any use in Dublin. We could probably add Cork and other places where not only the crisis is most acute but the different elements that have produced this unprecedented housing crisis, including property prices, are most acute. We are going to put €750 million into an initiative that will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: The Minister of State said it himself - he was right to do so - it is not going to impact in areas such as Dublin. There is, by the way, an obvious reason for that. The smaller builder cannot access finance or is not building because site values have gone through the roof.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: That is certainly what Mr. Mel Reynolds is arguing. He is correct, even as it relates to some of the large sites. Firms such as, for example, Hines in Cherrywood will parcel their sites and offer them for sale to smaller builders at extortionate prices. Those prices increase constantly. If planning permission is acquired, for example, the price will increase. If the Government changes...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: A property does not need to have a southern aspect or something can be built higher. All of these little changes, including strategic development zone designation, mean that the value will increases. Therefore, the little builder who buys a site is doing so at an inflated cost. It is not viable for a builder to build without charging astronomical prices. A bank in looking at this...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: The problem with all this is it is predicated on the idea that if one increases supply it will help resolve the crisis. If we increase supply but the supply is unaffordable it will not resolve the crisis it will make the crisis worse. That is the basic point I put to the Minister of State and he did not really answer it. We had supply at a very high level before the crash but it was...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: Is the Minister of State saying that prices went down pre-2008?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: Pre-2008, housing supply and house prices went up.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: I am asking the question. Does the Minister of State acknowledge that as supply ramped up in the years prior to 2008, prices went up rather than down and we then went over a cliff?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: The sector took the rest of the economy with it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Richard Boyd Barrett: I wish to make pretty much the same point. I find difficulty even at local authority level for the same reasons of trying to find out the details of Part V arrangements between the local authority and the private developers in terms of the 10% or, as it was previously with the affordable element, the 20%. One cannot get sight of these things. One does not know exactly what the arrangements...

Joint Oireachtas Committee on Foreign Affairs and Trade, and Defence: Palestinian Refugees in the Near East and Demolition of Khan al-Ahmar: Discussion (20 Sep 2018)

Richard Boyd Barrett: I apologise if the witnesses have commented on this already. Israel has favoured trade status with the European Union through the Euro-Mediterranean association agreements and witnesses may be aware there have been loud calls from those who support the plight of the Palestinians that the agreement should be suspended because of the systematic breaches of human rights and international law by...

Written Answers — Department of Health: Brexit Issues (20 Sep 2018)

Richard Boyd Barrett: 146. To ask the Minister for Health the plans the HSE is putting into place in case of supply issues with products sourced from the UK following the UK's departure from the EU in particular for children with rare diseases such as PKU (details supplied); and if he will make a statement on the matter. [38152/18]

Home Building Finance Ireland Bill 2018: Instruction to Committee (19 Sep 2018)

Richard Boyd Barrett: This Bill is apparently technical in nature. I got a call last week asking if I would have a problem with this Bill going through the Dáil without debate. I said I did have a problem with it going through without debate because it deals with two issues that are of considerable importance to the people of this country. One of these issues is the local property tax, a tax which,...

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