[Originally posted on Liberal Democrat Voice, 05/10/11]
The Conservatives’ proposal to resuscitate the Right to Buy through increasing discounts appears to be an attempt to bask in some of Mrs Thatcher’s reflected glory. Unlike the 1980s version, though, Mr Cameron and Mr Shapps are emphasizing that each property sold will be matched with a newly built property at “affordable” rent. This is an attempt to head off criticisms that the Right to Buy reduces the supply of “social” housing. So, it would appear, this initiative could lead to a net increase in the housing stock.
Of course, things are never as they first appear. Continue Reading →