Seanad debates
Wednesday, 26 March 2003
Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.
To exacerbate the sense of injury, the Minister in this year's budget introduced a number of measures which militated considerably against first-time house buyers. First, he abolished the first-time buyer's grant. It had not increased for a number of years but was relied on heavily by those getting into the housing market for the first time for the furnishing of one room or more or putting electrical installations in a kitchen. It made a difference and to wipe it out as something of no consequence shows a marked lack of appreciation of the difficulties encountered by young people and first-time house buyers. Despite this, it was abolished without warning in the budget. There was a public outcry and many are still aggrieved that this measure, a component that people built into their thinking with regard to putting together the money for a house, was done away with in one fell swoop.
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