The Treasury has hived off £358.1m from the sale of
council houses, making it ‘almost impossible’ to fund replacements and sparking
cross-sector calls for a review of the policy. Responding to a Freedom of Information
act request, the government confirmed almost a quarter of the £1.54bn raised
through 22,900 right to buy sales since 2012 has gone straight into Treasury
coffers. Only £588.3m was left for councils to build replacement homes, with a
total of £929.4m used for other purposes. Read more on Inside Housing.
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