AS2011: Osborne pledges right-to-buy boost

The government's latest attempt to unblock the housing market will be the "reinvigoration" of the right-to-buy initiative with houses available to council tenants at up to 50% below the full market value.

Chancellor George Osborne said in the Autumn Statement that the right-to-buy of the 1980s had been one of the best social policies of any government.

He added that the last Labour government had "strangled" the right-to-buy movement by reducing discounts.

Receipts from the sale of council homes will be used to build new additional affordable homes.

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Typical – once again – the hard-working squeezed middle continue to have to pay full Market rate whilst those already aided by the taxpayer reap ever more reward!

By Mark Wright

Bang on Marky!

By Emily Scott