Friday, May 5, 2017
Literally taking bundles of Ã‚Â£50 notes and burning them
"Councils have spent millions buying back homes they sold at a discount under Right-to-Buy laws to meet housing shortages. Islington council spent more than Ã‚Â£6.2m buying back homes it sold to people for less than Ã‚Â£1.3m, a Freedom of Information request reveals." Can hardly be called privatisation if *Assets sold at huge discount *Continuing public subsidies in perpetuity. E.g. Housing Benefit for RtB BtL operators. Central government funding for local services not covered by council tax.