Written Question·Ministry of Housing, Communities and Local Government·UIN 23201
Right to Buy Scheme: Local Government Finance
Tabled: 10 January 2025
Answered: 30 January 2025
Question
Michael Payne
Labour — Gedling
To ask the Secretary of State for Housing, Communities and Local Government, with reference to paragraph 5.149 of the Autumn Budget, whether receipts from right to buy sales (a) are ringfenced for new council housing or (b) can be used for general spendin
Answer
Matthew PennycookAt the Budget on 30 October 2024, the Chancellor confirmed that local authorities can now retain 100% of their receipts from Right to Buy sales.Approximately 65% of these receipts are conditionally retained by councils on the basis that they will be used ...
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