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- Scrap RTB scheme, urges Sir Vince Cable

" /> <h2>RTB has become "unsustainable" unless councils can set discounts locally and replace homes sold</h2>

Section: Right to Buy

RTB has become "unsustainable" unless councils can set discounts locally and replace homes sold

Posted 02.02.18
Local Government Association: Article link

New analysis by the Local Government Association (LGA) reveals almost £3.5 billion in Right to Buy (RTB) discounts have been handed out to council tenants over the past six years.

LGA analysis reveals:

The current Right-to-Buy system only allows councils to keep a third of each RTB receipt to build a replacement home and prevents local authorities from borrowing to make up the shortfall.

Ahead of the final Local Government Finance Settlement, the LGA is calling on the Government to allow councils to set discounts locally and keep 100% of sale receipts to replace homes.

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Updated 05.02.18

  • The Times: Scrap RTB scheme, urges Sir Vince Cable - describing it as the key reason for the "catastrophic shortage of homes" in England.

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    Reporting on February 2018

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