Right To Buy Extension Plan “Speculative And Vague”

The Public Accounts Committee has slammed the government’s “entirely speculative” approach to its plan to extend Right to Buy discounts to 1.3 million housing association tenants. In an unusual step, the cross-party committee examined the policy ahead of implementation, scrutinising information from the CLG. Publishing its findings, the PAC highlighted a lack of clarity around how the policy would be funded or what its wider financial impact would be. PAC chair Meg Hillier said the government should be “embarrassed” by the report’s findings. “Extending Right to Buy will affect many thousands of people yet the department has failed to provide basic information to support its stated aims. Instead we have heard vague assertions about what it will accomplish and how,” she said. Read more on the Public Finance website.