Tory Housing Association Right-To-Buy Policy Attacked By Big Business

The Conservatives have come under fire after David Cameron pledged to give people the chance of a “good life” by extending Margaret Thatcher’s right-to-buy scheme to 1.3 million families in housing association properties. The Confederation of British Industry and the blue chip Jones Lang LaSalle (JLL) property firm joined many housing associations, warning that the Tory plan would not address the chronic shortage of housing.  Adam Challis, head of residential research at JLL said: “The expansion of right to buy may be good politics, but represents terrible policy. This is exactly the kind of short-termist thinking that the country’s 4.7m households in social housing don’t need, not to mention the same number again of aspiring owners in private renting. Read more on the Guardian website.