The Labour Party could bring in a radical “right to buy”
scheme if it gains power at the next general election which could help millions
of private tenants in the UK to buy their rented homes at a reasonable price,
the shadow chancellor has suggested. John McDonnell is promoting the idea as a
way to make it easier for workers to buy the homes they live in, while also
tackling what he calls the “burgeoning buy-to-let market” and the problem of
landlords who do not maintain their properties. The mooted scheme would echo
Margaret Thatcher’s policy of the 1980s relating to government housing, under
which millions of council tenants bought the property in which they lived. Read
more on the East Lothian Chronicle website.
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