Angela Rayner, the deputy prime minister and housing secretary, is contemplating the abolition of Margaret Thatcher's Right to Buy scheme amidst urgent housing reform discussions with local authorities.
A report revealed that over 100 councils advocate for scrapping Right to Buy, citing its detrimental impact on local authority finances and the ongoing housing crisis, which has worsened.
Last year, 10,896 homes were sold through Right to Buy but only 3,447 were replaced, leading to a net loss of 7,449 social homes.
The potential abolition of Right to Buy for newly built council homes is on the table as the government seeks solutions to reverse the decline in social rental housing.
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