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Mark Conrad Dan Peters 08 March 2024

Right to Buy lobbying fails as temporary boost ended

Right to Buy lobbying fails as temporary boost ended image
Image: ZGPhotography / Shutterstock.com.

The Treasury has confirmed councils will no longer keep 100% of Right to Buy (RTB) receipts after the current financial year despite lobbying by the sector.

To help boost social housebuilding, the Treasury had announced a temporary two-year measure to allow councils to retain receipts in full until the end of 2023-24 - a policy thought to have raised up to £400m across local government.

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#Housing #Whitehall #Finance #Budget #Politics #Local Government Association #Policy

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