Rented Housing

Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 17th June 1992.

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Photo of George Young George Young Minister (Department of Environment) (Housing) 12:00 am, 17th June 1992

I outlined in my initial reply the increased resources that are being made available to the Housing Corporation precisely to meet the needs that the hon. Gentleman has identified. If the Labour party wants us to return to the old regime of capital receipts, that would severely damage authorities in the inner cities that benefit from the new regime. Under the old regime, the receipts tended to accrue in areas that did not have the greatest housing need. Those areas with greatest need did not have the right-to-buy receipts. The advantage of the new regime is that it recycles those receipts on the basis of need. I should be astounded if the Labour party wanted to overturn that policy.