It’s time to call time on ‘Right to Buy’
The policy, introduced by Margaret Thatcher in 1980, has been blamed for causing a shortage of social housing.
The previous Labour government substantially cut the discounts available under the Right to Buy scheme but never fully abolished it.
The Conservatives, however, reinvigorated the policy in their first term in coalition, causing a further wave of sell-offs.
Far from boosting home ownership, figures produced by the House of Commons Communities and Local Government Committee in February last year found that 40 per cent of flats sold off under the scheme were now in the hands of private landlords.
Northampton housing campaigners say:
The next Labour government MUST abolish it.
It has already been scrapped by the Welsh and Scottish governments.
The fact that few council homes have been replaced, and never on a like-for-like basis, is the most damaging long-term legacy of the right-to-buy policy.