Margaret Thatcher's right-to-buy scheme has resulted in a cost of nearly £200 billion for UK taxpayers. A report by the Common Wealth thinktank emphasizes that selling 1.9 million council homes at discounts since 1980 has led to a significant reduction in social housing and has increased inequality. The former council homes are now estimated to be worth £430 billion, with £194 billion of that value effectively given away through discounts. The report also notes upcoming changes to the policy, including extending the minimum period a tenant must live in a home before purchasing it.
Thatcher's right-to-buy scheme has cost UK taxpayers almost 200bn and contributed significantly to the housing crisis by reducing the stock of affordable housing.
The sale of 1.9m council homes in England at steep discounts since 1980 has led to severe shortages in social housing and increased inequality.
Collection
[
|
...
]