Housing Associations: Right to Buy Debate

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Department: Leader of the House

Housing Associations: Right to Buy

Lord Best Excerpts
Tuesday 9th June 2015

(8 years, 11 months ago)

Lords Chamber
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Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, this is not about seizing the assets of housing associations. The right to acquire currently operates on the basis that receipts from homes sold enable housing associations to reinvest in new affordable housing.

Lord Best Portrait Lord Best (CB)
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My Lords, in carrying out the consultation that she has mentioned, would the Minister include the Institute for Fiscal Studies, along with commentators in the Economist, the Telegraph, the Times and the Financial Times, which have all pointed out the very grave consequences if this unfortunate policy is pursued?

Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, the Government, and in particular my honourable friend in the other place, the Minister, Brandon Lewis, are already leading the engagement with the sector on our housing commitments, as set out in our manifesto, and are happy to meet Members of this House and others.