John McDonnell back-pedals on Right to BuyMake Text Bigger
The Shadow Chancellor, John McDonnell, appears to have dropped his proposals for giving tenants of private rental properties the ‘Right to Buy’ at a central government imposed discount termed as a ‘fair price’.
McDonnell has told the FT he now thinks the policy would be unworkable and that it would not be included in the general election manifesto due to be launched later this week. Advisors for Labour pointed out that the so called ‘fair price’ would be challenged by landlords through the courts and hadn’t taken into account properties in negative equity.
However, be careful, being dropped for potentially breaking the law of property and human rights is not the same as being a popular idea amongst the radical left wing in the Labour party.
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