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Cameron calls for return of right-to-buy

Tory leader David Cameron has floated the idea of reprising the Conservative right-to-buy scheme of the 1980s.
Speaking at a Cicero summit on 1st time buyers, Cameron said a radical solution was needed to address current housing problems in the UK and has commissioned a Conservative Party working group on housing to look into bringing back the controversial scheme.
Cameron said the right-to-buy scheme led to huge beneficial changes in society in the 1980s and it was time for the policy to be looked at again.
Cameron said a policy of allowing council tenants to change rental payments into mortgage repayments would create a whole new generation of home owners.
He said potential disadvantages of the scheme- such as the effect on the stock of social housing- needed to be addressed with further policies to create greater supply but that the advantages outweigh this obstacle.
Cameron said the move would stem the growing inequality between home-owners and non-home owners and allow current have-nots access to an asset that can be passed down through generations.
Cameron said: Right-to-buy led to huge changes. 2.5 million people were able to own their own homes. This is what I will be asking our housing group to look at.


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