Stop These Bungs to Home Buyers ; Both Labour and the Tories Are Proposing a Right-to-Buy Scheme but Can It Really Work?

Summary


If Lonnie Donegan's old man is still alive, he almost certainly has bought his council flat by now, replaced its windows with mock- Tudor double glazing and hung a portrait of Lady Thatcher on the living-room wall.

Rarely has a policy caught the public imagination so much as the right to buy, introduced in the 1980 Housing Act.

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Extract


Stop These Bungs to Home Buyers ; Both Labour and the Tories Are Proposing a Right-to-Buy Scheme but Can It Really Work?

Since 1980, 1.5million former council house tenants have exercised their right to buy, raising the proportion of Britons who own their own home from 55 per cent to 70 per cent, creating what Mrs Thatcher called 'the great home-owning democracy'.

Small wonder that, in trying to find a big idea to recreate their glory days, the Conservatives should have hit u...

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