Part of 1. Questions to the First Minister – in the Senedd at 2:16 pm on 16 October 2018.
As you've mentioned, as part of the exit from this scheme in 2015, a borrowing cap of £1.85 billion was placed on councils that retained housing stock. Given that Theresa May has announced that English councils will no longer have a cap on their ability to borrow to build new homes, will the Welsh Government look into renegotiating the current deal with the Treasury? After all, it makes more sense to borrow to build homes when there is no right to buy, as is the case in Wales, than in England, where homes can be built and then sold for less than the market value. In Wales, that investment will continue to be returned over the long term.