The government will continue to receive 75 per cent of receipts from right to buy sales following reform of the council housing finance system. In a statement on reform of the housing revenue account subsidy system housing minister Grant Shapps announced the shift in policy. The move appears to contradict a statement made in the comprehensive spending review in October, which said all right to buy receipts would go to central government until 2014/15. The HRA reform is due to come in from April 2012. It also clashes with the reforms of the HRA set out by the Labour government, which the coalition government has said it will follow. These stated that councils would retain all capital receipts from housing under the new system. Read more on Inside Housing.
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