Vince Cable has warned of deepening inequality between
social classes and the generations because of a fundamental crisis in the
housing market fuelled by George Osborne’s Help to Buy and Right to Buy
policies. The Lib Dem business secretary
said the crux of the problem was a shortage of social housing, which the
government had failed to replace while offering people incentives to buy their
council homes. The party’s conference in Glasgow passed a motion to give local
authorities the ability to suspend Right to Buy in their areas, on the grounds
that council tenants were being given huge incentives to purchase their homes
without enough replacement of social housing stock. Read more on the Guardian
website.
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