Friday, 17 April 2015

Extending the Right to Buy Is Economically Illiterate and Morally Wrong

Roll up! Roll up! Get your free money here!
That is, in summary, the most accurate description of Tory plans to extend the existing Right to Buy scheme to allow 1.3 million housing association tenants the opportunity to buy their own homes. As the centrepiece of the Tory manifesto, David Cameron hopes that his revival of the Thatcherite dream of a property-owning democracy will prove his claim that the Conservatives are the party of ordinary working people. This policy may well be politically tempting to Tory campaign managers, and even more financially tempting to housing association tenants, but that doesn’t stop it being dumb, economically illiterate and – even worse – morally wrong. Read more on the Daily Telegraph website.

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