Tenants will not have the right to buy 2,000 planned
council houses in east Cheshire, despite the government expanding its
right-to-buy scheme. Cheshire East Council has announced a £200m project to enable
more people on lower incomes to live in rural areas. The Tory council will not
sell the homes so it can retain the stock for "really poor people we need
to help". The Government said the scheme was "unacceptable" and
"would not support" the council. It is hoped the cost of Cheshire
East Council's scheme can be sourced from housing developers, by replacing
their current obligation to build affordable homes, defined as housing with
rent at least 20% below local market rates. The authority will create an
arms-length company to run the homes. Read more on the BBC website.
Reeves examines using private sector funds to speed building of new towns
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Chancellor in talks with banks and investment funds about public-private
partnerships to build infrastructure
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