CROYDON IN CRISIS: The council does not have enough homes to house the homeless. But the Labour government created a ‘gold-rush’ torrent of applications for Right to Buy that may have forced the transfer into private ownership of every council flat ever built by Brick by Brick
There’s a reason there is a housing crisis: Thatcherism and the Right to Buy. And according to one report this week, Keir Starmer and his Chancellor, Rachel Reeves – you know, the “former Bank of England economist” – appear to have just made an already bad situation worse. Much worse.

Selling out: Margaret Thatcher, accompanied by Tory GLC leader Horace Cutler, handing over keys to a council house in 1980
Shouldering the brunt of yet another significant financial hit will be the country’s hard-pressed local authorities, again. Including cash-strapped Croydon Council.
Research published in The Guardian shows that so far this financial year councils in London have already received 3.5 times more Right to Buy applications than they received in the whole of last year, as people scrambled to grab a last, juicy slice of what has been described as Thatcher’s “single biggest privatisation”.
Right to Buy was the flagship policy of Thatcherism. Images from almost half a century ago of Prime Minister Thatcher sitting having a cup of tea in the kitchen of what had overnight become an ex-council flat, or handing over the keys to a family “taking the first step on the housing ladder”, have by today acquired an almost sepia tint to them.
But those images represent something that has proved to be the most powerful political vote-winner for decades, images so strong that neither Tony Blair nor Gordon Brown would take action to sweep away Right to Buy. Continue reading →
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