Another sign of the economic downturn became apparent today when Liberal Democrat Housing Spokesperson Iain Donaldson revealed figures from the Housing Department showing that the income raised from the sale of Council Houses had fallen by 82% since 2004/5..
Over the last few years the total capital receipts received in respect of the sale of council stock under the RTB scheme has dropped from £41.5 million in 2004/05 to just £7.3 million in 2008/09. Of this money, only a quarter could be used to build new houses.
Cllr Donaldson said,
"Just a few years ago, the Council employed extra staff to process Right To Buy Sales. If the Government is serious about Councils building new Houses, places like Manchester will need to spend a lot more than the £1.8million allowed under the current rules. The Government needs to change the rules."
Follow the party's activity on...