The Right to Buy turned a public good into private profit and birthed the housing crisis. But cities around the world are showing how to reverse this disaster by taking homes out of the hands of profiteers and returning them to public ownership.
Labour is pledging extra financial support to help first-time buyers onto the housing ladder – but more homeownership won’t fix a housing crisis caused by treating property as an asset. The party must be far bolder.
The Tories have always been capitalism’s representatives, but Margaret Thatcher approached that brief in new and brutal ways – taking class war to the very heart of British politics.