Boris Johnson unveiled the plans in a big speech in Blackpool as he tries to get his scandal-ridden PM back on track
Image: Sky News)
Boris Johnson has announced plans for a major restructuring of housing, expanding purchase rights and allowing low-income earners to use housing benefit on a mortgage.
The Prime Minister said he would expand Margaret Thatcher’s Right to Buy scheme to allow housing association tenants to buy their homes at discounted prices.
Speaking in Blackpool, Mr Johnson said it was “time for change” and promised “one-for-one” replacements for council housing sold under the scheme.
People on housing benefit will be given “a new choice to use benefits on a first-ever mortgage” as part of the reorganization.
“It’s time to turn benefits into bricks,” Mr Johnson said.
He also announced a mortgage review, which will report by the fall, will examine how low-deposit mortgages could be extended.
Mr Johnson unveiled the plans in a big speech as he tries to get his scandal-ridden PM back on track.
The Prime Minister survived a challenge to his leadership from his own backbenchers, but he is holding on with his fingertips after 41% of Tory MPs voted no confidence in him.
Outlining his housing reforms, Mr Johnson said the £30billion spent a year on housing support would be “swallowed” to pay the mortgages of private sector landlords or housing associations.
“It’s time to make better use of its vast wall of money – taxpayers’ money. It’s time to turn benefits into bricks,” he said.
“We will try to change the welfare rules so that the 1.5 million working people who are on housing benefit – I stress the working people – and who want to buy their first home will have a new choice: to spend their time benefiting from the Rent or put it to use for a very first mortgage.
Pictures of the Press Association)
In a rambling speech moving from Britain’s banana production to the war in Ukraine, Mr Johnson said the squeeze on household budgets will be “unaffordable” for some families, especially if the price cap rises again in the autumn.
He vowed to “do what we can for as long as possible”, but admitted that no government “can fully protect everyone from the increased costs caused by powerful global forces”.
The Prime Minister said the country was “steering to the wind” after the global impact of the Covid pandemic and Russia’s invasion of Ukraine – but he vowed “we will get through it”.
But he hinted that public sector wages would not rise with inflation, saying: “If wages keep chasing prices, we risk a wage-price spiral like the one experienced in this country in the 1970s. “
https://www.mirror.co.uk/news/politics/breaking-pm-announces-huge-housing-27189037 PM announces HUGE housing restructuring - with right to buy and mortgages for Brits on welfare