Government Accused of Looting Right To Buy Money

The video discusses the Right to Buy scheme initiated in 1980 under Margaret Thatcher, allowing tenants to purchase their homes at a discount. However, councils have struggled to reinvest the proceeds into new housing, leading to a significant housing crisis. With over 218,000 empty homes and 1.4 million people on waiting lists, the situation is dire. Personal stories highlight the impact on individuals, while the government pledges to build more affordable homes. Charities argue for more action, emphasizing the need to replace sold homes to alleviate the crisis.

What was a significant outcome of the Right to Buy scheme introduced in 1980?

• Rise in council tax

• Decrease in housing demand

• Tenants becoming homeowners

• Increased rental prices

Why are councils struggling to replace homes sold under the Right to Buy scheme?

• Lack of interest from buyers

• High construction costs

• Government retains most sale proceeds

• Shortage of construction workers

What happens if councils fail to reinvest the money from home sales within three years?

• They must pay the government with interest

• They receive additional funding

• They face legal action from tenants

• They lose the right to sell more homes

How many empty homes are currently in Britain, contributing to the housing crisis?

• 218,000

• 1 million

• 100,000

• 500,000

What is the government's commitment to addressing the housing crisis?

• Reducing property taxes

• Building 200,000 homes

• Spending £8 billion on 400,000 affordable homes

• Increasing rental subsidies