David Cameron has promised up to 200,000 extra affordable homes as he unveiled plans to extend Margaret Thatcher's 'right-to-buy' programme.
In an interview with the BBC's Andrew Marr, the prime minister said the government is to increase the discounts available to council housing tenants in England who want to buy their own homes. The move is an extension of the "right-to-buy" policy which proved a vote winner for Margaret Thatcher - but critics said crippled the stock of social housing and fuelled a house price bubble. Cash raised by the sale of council housing will be spent on buying further homes, which will then be rented out at a reduced rate. Cameron told the BBC: "There are over two million homes that are still...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes