Commenting on the findings of new research from Cambridge University showing that the extension of the right-to-buy to housing associations could mean the loss of 75,000 affordable homes and a higher housing benefit bill, Labour’s Shadow Cabinet Minister for Housing and Planning John Healey MP said:
“This research shows the government’s right-to-buy plans will end up hitting taxpayers as well as tenants on low incomes.
“The government has so far refused Labour’s challenge to make sure there is full replacement for affordable homes sold under the extension of the right-to-buy. This research confirms that taxpayers will pay millions of pounds extra in higher housing benefit spending as a result.
“This is a clear warning to the Chancellor ahead of the spending review next Wednesday. Every step you take to sell off and choke off the affordable homes that our country needs will mean taxpayers foot the bill for higher housing benefit spending.
“It’s not too late for the Chancellor to think again. Investing in new affordable homes and replacing those lost through right-to-buy would bring down spiralling housing costs and control the housing benefit bill too.”
This research shows the government’s right-to-buy plans will end up hitting taxpayers as well as tenants on low incomes - Healey