Conservatives to promise £1bn housing fund and right-to-buy extension


The Conservative Party will promise a £1bn fund for building 400,000 new properties on brownfield sites as part of two big housing announcements in its manifesto unveiled later today.

The party will also announce an extension of its right-to-buy scheme to housing association tenants as David Cameron puts housing at the heart of his manifesto, according to SkyNews. The Prime Minister will say up to 1.3 million tenants could buy their homes at a discount as a result. Labour told the BBC the right-to-buy pledge would cost £4.5bn and was "unfunded". Other Tory policy pledges will include raising the personal allowance for tax to £12,500; increasing the starting salary for the 40p rate to £50,000; and raising the inheritance tax threshold for family homes to £1m. ...

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