Right to Buy, Wrong for London

Councils in London are spending over £20 million each year renting back homes sold under the Right to Buy, according to a new report. Right to Buy: Wrong for London, from Labour’s London Assembly Housing Spokesperson, Tom Copley AM, also identifies that the number of Right to Buy homes now in London’s private rented sector has hit at least 54,000. Mr Copley said that at a time when the need for homes at social rent level far outweighs the numbers being built, it was “reckless” of the Government to continue with the Right to Buy. He said it was failing London and called for its abolition.