Mark Conrad 25 April 2018

Whitehall grabs £875m Right to Buy receipts

Whitehall grabs £875m Right to Buy receipts image

Labour has demanded immediate Right to Buy (RTB) reforms after figures obtained by The MJ revealed the amount councils lose to Whitehall under the regime.

Data obtained under the Freedom of Information (FOI) Act revealed that from £4.2bn of RTB receipts raised between 2012 and 2017 Whitehall deductions amounted to £875m – almost one-fifth of all monies.

While £90m was redistributed back into housing by the Ministry of Housing Communities and Local Government (MHCLG), the FOI responses indicate a substantial share of council RTB receipts was used to tackle public debt while councils struggled with declining housing stocks and soaring demand.

Councils that do not invest RTB receipts within a specified period are forced to hand unused cash back to the MHCLG for redistribution within local government. Between 2012 and 2017, local authorities returned almost £90m to the department under this requirement.

For more on this exclusive story, please visit The MJ (£).

Participatory budgeting image

Participatory budgeting

Evgeny Barkov explains what participatory budgeting means and how it can reveal what citizens need.
SIGN UP
For your free daily news bulletin
Highways jobs

Head of Looked After Children and Vulnerable Young People

Enfield London Borough Council
Up to £89,319
 This is an exciting opportunity to lead all the services that support Enfield’s children in care and care leavers. Enfield (City/Town), London (Greater)
Recuriter: Enfield London Borough Council

Head of Communities

Kirklees Metropolitan Council
to £61,751 (pay award pending)
We are looking for an innovative and knowledgeable senior professional to join our leadership team with strong experience of working in communities... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Economic Development Officer (Town Centres)

North West Leicestershire District Council
Band F, £29,636 - £32,878 per annum
The Economic Development Officer (Town Centres) post forms part of the Council’s Business Focus team who provide help directly to businesses. Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Educational Psychologist

Camden London Borough Council
£44,131 - £53,34
The ideal candidates will have an excellent understanding of psychological frameworks and their application in... Camden, London (Greater)
Recuriter: Camden London Borough Council

Economic Development Officer

North West Leicestershire District Council
Band F, £29,636 - £32,878
Are you interested in a challenge and want to help shape the future of North West Leicestershire? Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue