Budget 2024: A review of the increased Right to Buy discounts introduced in 2012

A review of the increased Right to Buy discounts introduced in 2012

The Right to Buy has been an important route for social housing tenants to access home ownership, but this has had a negative impact on council housing stock, with many of the homes sold not replaced.

The government has reviewed the increased discounts introduced in 2012, informed by external analysis and reports, as well as engagement with councils, social tenants and other stakeholders. This document is the conclusion of the review.

The review concludes that returning discounts to their pre-2012 regional levels will deliver a fairer and more sustainable scheme that offers better value to the taxpayer. Secondary legislation to reduce the maximum cash discounts was laid in Parliament on the 30 October and is intended to come into force on the 21 November.