Rachel Reeves to slash discount for ‘right to buy’ council homes in Budget

In next week’s Budget, Rachel Reeves plans to reduce the ‘right to buy’ discount for council house purchases to protect existing stock for rent, a move criticized as stifling aspiration. This is part of a broader housing package supported by deputy prime minister Angela Rayner, who benefited from the scheme herself. The discount could potentially be reduced from 70% to 25%, with more details expected in the Budget announcement.

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