B

Baroness Taylor of Stevenage (Lab)

Speaking in the House of Lords on 22 April 2025

Debate

Local Authorities: Temporary Accommodation Costs

Contribution

As the leader of a council that lost thousands of our homes to right to buy, I believe that the scheme needed reform. We are reforming it to deliver a fairer and more sustainable scheme, reducing the maximum right to buy cash discounts to pre-2012 levels. This will allow councils to keep 100% of the receipts generated by right to buy sales. If we had that right from the start, we would not have had the significant loss we have had. We are also increasing protections for newly built social homes by raising the cost floor period, during which discounts can be reduced, from 15 to 30 years. I hope that will make a big difference.

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