On Monday, we learned that average rents nationally have now surged beyond €2,000 per month, a new all-time high. Renters in different counties are seeing shocking rises. Limerick, for example, has seen yearly increases of more than 20% on rents. The Taoiseach said earlier that housing is all about supply and we, of course, agree. However, he has accused the Opposition of having no new ideas and not being solution focused. We have offered lots of ideas. The Labour Party offered very clear ideas for a State-led intervention to resolve the housing supply crisis. We also offered a renter's rights Bill to ensure renters have better security and protections against rent increases. What we are hearing from the Government is no new ideas, no solutions and the same failed policies repackaged and re-announced, but not reformed.

Thank you, Deputy.

Will the Government take on our renter's rights Bill in light of this astronomical rise we are seeing in rents across the country?

The fundamental intervention at the moment is State-led. The Labour Party says it believes in State-led intervention. Almost the entirety of the intervention nowadays is State-led.

It stands at more than €8 billion at the moment.

It is not enough.

That is the highest ever on record. We need a private sector dimension to house building. I do not know whether the Deputy believes in that.

Of course, we need a mix.

Does the Deputy believe there is a role for institutional funds, for example?

I am just putting it to the Deputy because I have watched over the past three or four years on housing. All I get is an antipathy on the Opposition side towards any private sector funding in housing. If they maintain that position, we will not deal with the housing supply issue.

The Government is not-----

It is not a back and forth, Deputy.

The Taoiseach was inviting it.

That is ultimately the way to deal with reducing the rate of increase in rent. The RTB is quite clear in terms of the levels at the moment.