I have to start by saying quite directly that this is a very sad day for Wales. After all, nearly 140,000 families have benefitted from the right to buy since 1980 and home ownership is an aspiration that tens of thousands continue to have across Wales. Now, an important route for them will be closed. If there was ever a public policy that was in endorsed year in, year out by public acclamation it is this: 140,000 families.