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THE government has introduced a Statutory Instrument in Parliament to cut the discount for tenants when they buy a home through right to buy (RTB).
Discounts were increased by the Tories in 2012. Maximum discounts are currently £136,400 in London and £102,400 elsewhere. The discounts will be returned to pre-2012 levels; from £16,000 to £38,000, depending on the region you live in (see table below). These reduced discounts will be applied from November 21.
Current restrictions mean that councils can only cover 40 per cent of the cost of a new build home with RTB receipts, and cannot combine them with money from section 106 agreements, in which developers make contributions for “affordable housing.” The government is ending these restrictions, so it is effectively up to councils how they use receipts.
CLAUDIA WEBBE argues that Burnham’s U-turn on tackling greedy landlords has let the country down
Building is the solution for much of our housing crisis – and will also help to address poverty, ill health, and even anti-social behaviour and alienation, writes KENNY MacASKILL
CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises



