Thatcher's Legacy

Nearly 40 per cent of homes bought under the right to buy in one London borough are now owned by private landlords. The GMB has found 6,180 of 15,875 properties sold by Wandsworth Council under the right to buy are now rented out privately.  The union has also discovered 977 landlords own more than one of these properties, with one owning 93. Using Land Registry data it has identified several of these landlords, who it describes as a ‘millionaire elite’.  Paul Kenny, general secretary of the union, said: ‘It shows private businesses making vast profits from the public purse while the people these homes were built for sit on waiting lists that never move.’  Read more on the GMB website.