Thatcher’s right to buy policy is celebrated but here’s the cost: losses to us all of £194bn and a fractured society | David Madden
The article discusses the long-term impact of Margaret Thatcher's "right to buy" policy, which allowed council tenants to purchase their homes at discounted prices. The report from the thinktank Common Wealth suggests that this policy has resulted in a net loss of £194 billion to the public sector and has contributed to the ongoing housing crisis in the UK. The article highlights that the right to buy policy was an ideological move that has had far-reaching consequences, including the creation of a "fractured society." It argues that the housing problem in the UK is not a natural or eternal condition, but rather the result of specific political decisions and policy choices. The article emphasizes the need to remember that the housing crisis is not an inevitable phenomenon, but rather one that has been shaped by the actions of policymakers.
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