THE Construction Industry Federation are more than likely right when they claim that building output will decline significantly over the next year because Government projects are delayed but, still, they have a cheek.
Speculative building and land deals are two of the primary contributors to our current crisis and CIF members are largely responsible for that.
If Government has not got the resources to fast-track public developments it is because tax revenues, especially from the construction sector, have collapsed because of greed and poor business decisions.
The huge public funds that would have gone to these projects are tied up in NAMA, an entity the exists because of reckless bankers and builders. The core point made by the CIF may be right but they should look in the mirror rather than point the finger.
a d v e r t i s e m e n t
This appeared in the printed version of the Irish Examiner Tuesday, March 16, 2010
