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HOW RIGHT-TO-BUY HITS THE TAXPAYER

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The annual cost to the taxpayer of right-to-buy sales of council houses, a breakdown of total sales by region and t...
The annual cost to the taxpayer of right-to-buy sales of council houses, a breakdown of total sales by region and the average amount of r-t-b discounts by region are among the facts explained in words and graphics by the Mail on Sunday (Financial Mail on Sunday, p 34).

Almost 1.5 million council homes have been sold in England since 1979.

Today, Shelter, the charity for the homeless, will launch a report to show how much the scheme has cost the taxpayer and will call for the policy to be reformed. Shelter argues that discounts given to tenants, the cost of building new affordable homes and the extra housing benefit paid because of the shortage of council housing are inefficient uses of public funds. In 1998, the government said the annual cost of right-to-buy in England was£400m.

Shelter will call for the temporary withdrawal of discounting on properties in London and other areas with severe housing shortages.
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