In this week’s intriguing installment, we explore the housing crisis from an unexpected perspective. Consider for a moment, if Michael O’Leary chose to establish a property development firm, applying techniques learnt from Ryanair’s groundbreaking shift of the airline industry these past thirty years. Could the adoption of a stripped-down model lead to decreased building costs, which could then be presented as savings to prospective homeowners?
Joining us on the podcast is Paul Mitchell, a construction cost expert and director at the construction consultancy, Mitchell McDermott. He will share his thoughts on possible strategies to alleviate the impending housing crisis. Mitchell McDermott recently conducted an expense analysis on behalf of the Department of Housing, revealing a staggering sum of €600,000 required to construct a two-bedroom flat in an urban setting.
In other news, Rachel Reeves ups taxes by £40bn in the fiscal plan to deal with the UK’s financial deficit in public funding. Bank of Ireland’s share prices are dropping due to concerns over interest rates and an ongoing investigation into UK car finance.
Meanwhile, Irish inflation has seen a decrease, hitting a three-year low of 0.1%. Trying to manage banks and video sharing platforms such as TikTok with a lax regulatory approach has proven unsuccessful.
This episode is brought to you by production from John Casey and sound engineer, JJ Vernon.