Cameron warned over right-to-buy
David Cameron has been warned by the Institute of Fiscal Studies that his proposed extension to the right-to-buy scheme risks worsening the housing crisis and damaging Britain’s public finances.
The IFS also warned that the measure risked further dividing communities into rich and poor areas. It added that previous pledges to replace every home bought under the existing right to buy scheme had not been followed through.
The Times newspaper ran this story
What Britain needs now is more social housing not less. Giving people a cheap deal to buy their social housing property simply takes out another much needed house from this sector of the housing market thereby reducing the supply of the very type of property we are most in need of!
Places like Maghull, Lydiate and Southport are hardly in need of more private housing stock which bizarrely our Labour-led Council is forcing upon us. It’s social housing that is required and it needs to be built on brownfield sites not on acre after acre of high grade agricultural land which we presently grow our food on.
Both to the left and right housing policy has gone utterly mad.
With thanks to the LGiU for the lead to this story.