Housing Secretary Angela Rayner considers abolishing Right to Buy scheme due to £2.2bn funding shortfall and housing crisis concerns.
Housing Secretary Angela Rayner is contemplating abolishing the Right to Buy scheme, which allows council tenants to purchase homes at a discount. This consideration arises from local authorities' concerns over a £2.2 billion funding shortfall and claims that the scheme has aggravated the housing crisis. Critics argue that revising the policy could hinder access to homeownership, while a consultation on potential changes is expected in the autumn budget.
September 03, 2024
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