Member

The Government therefore acted on the commitment in our manifesto and reviewed the increased right-to-buy discounts introduced in April 2012. This review concluded that the increased discounts had had a negative impact on social housing stock. If maximum discounts had been kept at previous levels, we estimate that there would be an average of 7,000 sales annually, with only around 3,000 to 4,000 replacements. This would not support the Government’s objective to deliver a fair and sustainable scheme and to protect existing social housing stock.