Friday, 17 April 2015

Boris Johnson: Right-To-Buy Plan Would Mean 'Massive Subsidies'

David Cameron has announced extending the Right to Buy to housing association tenants as a key plank of the Conservatives' manifesto. But PoliticsHome has discovered that last month the Mayor of London told London Assembly members that such a policy would mean his administration being forced to make up any funding shortfall. "It would be potentially extremely costly to this body," he told Labour AM Tom Copley.  "We would have to make up the difference.  Housing associations are private bodies, as we all know.  It would involve massive subsidies.  We would need to get the funds to support that. However, at the moment, I want to stress that there is no such policy." Read more on the Politics Home website.

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