Have your say on government e-petitions

Allow all the proceeds of ‘right to buy’ sales to be kept by the local authority

Submitted on Sunday 7th January 2018

Published on Friday 12th January 2018

Current status: Closed

Closed: Thursday 12th July 2018

Signatures: 106

Tagged with

Council

Petition Action

Allow all the proceeds of ‘right to buy’ sales to be kept by the local authority

Petition Details

When right to buy council houses are sold there is no benefit to the local authority. If all proceeds of a right to buy sale were kept by the local authority the business case for new council housing is strong. Councils would build, the homeless would be housed, and funds earned for local councils.

Additional Information

When right to buy council houses are sold only a fraction of the price ever went to the local authority. This put an end to the building of new council housing. There is a clear local authority business case for building council housing: income generated will more than cover the costs, increasing revenues and reducing the need for cuts in other services. But the high chance that the tenant buys and all revenues go to central government destroys the business case.
See https://philhemsley.wordpress.com/2018/01/06/the-simple-change-to-government-budgeting-rules-that-could-solve-the-housing-problem/


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

3.145.186.132 Tue, 24 Dec 2024 12:18:57 +0000