Michael Gove has said the Treasury has agreed to develop a funding package for the proposed roll out of a ‘rationed’ Right to Buy to housing association tenants, but admitted the details were yet to be agreed.

The housing secretary told the Levelling Up, Housing and Communities Select Committee that housing associations would be “seduced” to take part in the “voluntary” Right to Buy scheme, which would be funded to such an extent it would have no negative impact on associations’ balance sheets.

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