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Taoiseach grabbing Fianna Fáil’s boom bust housing baton – Peadar Tóibín TD

14 May, 2014

Sinn Fein’s Jobs Spokesperson Peadar Tóibín TD this evening accused Fine Gael and Labour of grabbing Fianna Fáil’s boom bust baton. 

The Meath West TD said:

“Just yesterday the Minister for Public Expenditure and Reform announced the next phase of the government’s capital expenditure programme, which was originally announced in 2011.

“Lo and behold nine days from an election the Taoiseach and Tánaiste are out today with a recycled version of yesterday’s news.

“Regardless of how many times the government makes the same announcement the bottom line is their strategy just doesn’t stack up.

“Government’s solution to the current housing crisis focuses solely on the demand side which is just bad economics that ignores fundamental supply side problems.

“The chronic shortage of public and private housing stock has arisen directly as a result of this government’s retrenchment, failing to invest in an ambitious stimulus programme providing critical infrastructure and getting people back to work.

“The biggest challenge facing potential development is funding and planning dysfunction. Both of these issues are in the government’s remit. Stimulating demand without resolving broken supply will only serve to increase rents and house prices which will only deepen the devastating housing crisis. 

“The question has to be asked: why is the Taoiseach grabbing Fianna Fáil’s boom bust baton? Has nothing been learned?

“60,000 jobs for the construction sector is pie in the sky unless supply side factors are addressed and investment is created for both commercial and infrastructural investment.”

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