Thatcher's Right to Buy split my estate. Now its days could be numbered
Summary
England’s Right to Buy scheme, introduced in 1980, let council tenants buy their homes at a discount and has sold more than two million homes. The Labour government has tightened the scheme and proposes removing the right for new-build social homes, arguing this will help preserve and expand council housing; Conservatives and Reform UK support keeping or extending it.Key Facts
- Right to Buy gave council tenants in England the legal right to buy their homes at a discount.
- More than two million homes have been sold through the scheme in England since 1980.
- About 40% of England’s council housing stock has been sold through Right to Buy, according to the article.
- The Labour government has reduced the maximum discounts available to tenants.
- The government’s bill would remove Right to Buy from new-build social homes but preserve the right for people already living in existing homes.
- The government estimates England would move from a projected net loss of 26,000 council homes over a decade to a net gain of 18,000 under its measures.
- The Conservatives and Reform UK say they would keep or extend Right to Buy.
- The article describes a former council flat bought for £21,200 in 1989 after an £18,800 discount; it later sold for £54,500 and then £143,000.
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