Angela Rayner to ditch Thatcher’s Right to Buy scheme

Mar­garet Thatcher

Angela Rayner is reportedly set to launch a consultation on whether to ditch Mar­garet Thatcher’s Right to Buy scheme.

The deputy prime minister, who has promised a “council housing revolution”, will abolish the Tory flagship scheme that has been in place since the 1980’s, enabling council tenants to buy their homes from their local authority.

More than 100 local authorities called for the “unsustainable” scheme to to be scrapped on new council homes in a report on the state of Britain’s housing stock published earlier this week.

Leadership hopeful Kemi Badenoch hit out at Rayner for trying to “destroy one of Baroness Thatcher’s most transformative policies”.

The deputy PM attended what was described as an ‘urgent meeting’ with town halls last month to discuss housing reform.

Angela Rayner

The move comes after a coalition of councils called for an emergency injection of £644m from the government to stabilise their housing accounts and prevent investment in new homes being delayed or cancelled.

Some 100 local authorities have joined forces to warn that the financial model for council housing finances is ‘broken’, with a £2.2bn ‘black hole’ in councils’ dedicated budgets expected by 2028.

The report, commissioned by Southwark Council, also calls for a new ‘sustainable’ Housing Revenue Account model which includes ‘long-term, certain rent and debt agreements’.

 

Cross-party bid to ‘secure the future of England’s council housing’

 

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3 Comments

  1. BillyTheFish

    You’ve got to hand it to these politicians. So quick to see the root cause of issues.
    Here we see it has only taken 44 years, or 14 years of ‘housing crisis’ .
    Top marks guys.

    Any bets on how long it will take to take action on the climate & biodiversity crisis? Top tip – buy plots in Greenland.

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  2. Isa B Agent

    Angela is pulling up the drawbridge now that she is inside the castle.

    She used the right to buy scheme, not once but twice, pocketing £1000s. Now that she is in a position to do so, she is pulling up the drawbridge so that other families can’t use the same scheme she personally benefitted from. Shameless.

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  3. PossessionFriendUK39

    Very little to agree with labour on, apart from the bizarre Right to Buy.

    A tax-payer funded home is let to a family at Tax-payers expense ( rent subsidised often to 100% by benefits and for that ‘privilege’ a huge discount given to buy the property.

    If they could even afford the 25% or less cost of buying the Council property, they shouldn’t be in it in the first place !!!

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