Quote Originally Posted by SLUDGE FACTORY View Post
The money from council house sales was legally prevented from being used to build new houses to replace them

It was ring fenced as the tory government called it
If true (no reason to doubt it isnt) then that is the wrong decision no what matter what colour your rosette is. If I remember right - at the time the council (in Cardiff) where I worked, wanted to move away from the ownership / management / mortgage and pass it over to some other housing association type organisation. Never saw the logic - as properties still got built - but had better management. (used to work in the housing dept at CCC) - it would have gone bust if a private company due to amount of dead wood it had.