Angela Rayner emphasized the importance of the Right to Buy scheme for long-term social tenants, noting it should be fairer to taxpayers. She announced plans for a consultation to address current regulations, which she criticized for allowing excessive discounts that hinder social housing replenishment.
Rayner highlighted the essential balance needed in the Right to Buy policy, explaining that while tenants deserve the opportunity to own their long-term homes, it is crucial to ensure that the loss of social housing stock is effectively managed.
Critics, including housing campaigner Kwajo Tweneboa, branded the Right to Buy as one of the most damaging policies impacting social housing, stressing the need for governmental intervention to increase the supply of social housing.
The Right to Buy scheme has drastically reduced affordable housing stock since its inception in 1980, establishing a pressing need for the government to reassess how these policies affect long-term housing availability.
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