Homes sell-off 'won't solve crisis'
Saturday 19 November 2011
Allowing tenants to buy their council homes for as little as half the value will not solve the housing crisis, Labour claimed today.
Prime Minister David Cameron and Deputy Prime Minister Nick Clegg are due to unveil the Government's housing strategy on Monday, which is expected to include offering right-to-buy discounts of up to 50 per cent.
The maximum reduction currently allowed is £38,000 but that would rise to £76,000 in areas with the highest property prices, according to the Times. On average, council home discounts would double from £26,000 to £52,000. Other measures in the package, which is aimed at reviving he housing market and solving the UK homes shortage, include restoring rules allowing first-time buyers to be able to apply for 95 per cent mortgages, it was reported.
Shadow housing minister Jack Dromey said: "There is a growing housing crisis. The Tory-led government said building more homes would be the gold standard by which they should be judged. But fewer homes are being built this year than for a generation. They are failing their own test and these announcements won't change that or help to build more homes."
Margaret Thatcher introduced the highly popular right-to-buy scheme in the 1980s but the discounts were slashed by Labour when they took power amid a severely depleted housing stock.
Mr Cameron indicated at the Conservative party conference last month he wanted to see a revival of the early success of the scheme.
A Downing Street spokesman said: "It is all just speculation. The housing strategy will be published next week." PA
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Migrants crossing the Mediterranean: Pope Francis joins calls for EU action on boat refugees
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Isis in Afghanistan: Group claims responsibility for Jalalabad suicide bombing that killed 35
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...
£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...
£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...
£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...