Economic Developments: The Housing Act of 1980 Flashcards
When was The Housing Act introduced?
1980
What did The Housing Act allow council tenants to do?
It allowed council house tenants of at least 3 years to buy their house
What range of percentage discounts were council tenants offered when buying their council houses?
They were offered 33-50% discounts
What was the main demographic of council house buyers?
Middle aged couples
How many ex-council tenants had bought up what percentage of the 1980 Housing Stock by 1995?
1.7 million tenants in Britain had bought a quarter of the 1980 Housing Stock
What were Councils not allowed to do with their income from selling their houses?
They were not allowed to build more council houses with the income from selling others
What was the impact Councils being restricted from spending house-selling income on building new houses from 1979-1994?
Council house stock fell from 1/3 of total housing to 1/5 of total housing
What would it mean if more and more houses were bought up and less were built that could be bought at a discount?
There would be many people left at a disadvantage over buying houses
What did Thatcher hope would be a benefit of passing the 1980 Housing Act?
That it would get her more support for the Conservative Party
What percentage of former council house owners voted Conservative?
40%
How much did UK housing loans increase from 1978 to 1988?
Went from 6 billion to 63 billion
What percentage of the British public owned houses before 1979?
44%
What percentage of the British public owned houses by 1990?
66%
What was significant about the percentage of the British public owning houses by 1990?
It was the highest in all of Western Europe
Which MP pushed the passing of the 1980 Housing Act through?
Michael Heseltine
