The reports also reinforce the demands being made by my political party. We want the Government to reverse the major cuts in housing, namely, the abolition of the first-time buyer's grant and the capping of the rent allowance. We debated the issue of the first-time buyer's grant at length in the House recently. Some people thought the grant of €3,800 was not much, but it was factored into the financial arrangements some people made to obtain a deposit and repay a mortgage. However, when the Minister for Finance, "Slasher" McCreevy, decided to axe the first-time buyer's grant, he not only affected the thousands of young people who had hoped to avail of the scheme, but also the people who had contractual arrangements.