Right to buy 2.0

Article

Conservative MP David Davis and Labour MP Frank Field join forces in a bid to unlock the capital trapped in social houses where the tenant is not allowed to buy their home and to channel the revenue generated into improving and expanding Britain's sorely lacking social housing stock.

In 1980, Margaret Thatcher's government gave council tenants the right to buy their homes. This policy transformed the lives of some of the least affluent in society, helping two million Britons become homeowners for the first time. However, the current rules mean many housing association tenants who are willing and able to buy their home are not allowed to do so. A million housing association tenants do not have the right to buy, while the last government's restriction of right to buy discounts also made it more difficult for council tenants to buy their home this way.

Preventing social tenants from owning their home ties up billions of pounds of public funds that could be better used to help people onto the housing ladder. Reinvigorating and extending the right to buy would not only incr ease home ownership: by using all the funds raised to build new homes, the policy would lift the most vulnerable households in Britain off waiting lists, out of temporary accommodation and into a place they can call home.

Related items

  1. The Houses of Parliament and Big Ben, River Thames and Westminster Bridge

    Taxing choices: Taking the public’s temperature ahead of the budget

    The stakes for a government are rarely higher than at a budget. Every chancellor has dealt with this differently. Ken Clarke would draft his budget speech with cigars and whisky, Gordon Brown pored over every word in what officials called…
  2. Scottish parliament building at Holyrood and Calton Hill, Edinburgh

    Great expectations: Rejuvenating the national debate in Scotland

    Fresh IPPR Scotland polling shows that politicians must raise their game if next year’s election is a to be serious debate about the challenges facing Scotland and potential solutions. 
  3. A Black man in a bright orange high vis jacket and hard hat stands in the middle of a road holding a sign that says 'STOP - WORKS'

    Unfinished business: Redressing inequality in British policy and Black lives

    As conversations about race and equality continue to evolve, Black History Month remains a powerful invitation to pause, reflect, and recommit to progress.