Buy houses with handouts! Boris launches drive to get lower-paid on the property ladder

Boris Johnson was today warned his bold plan to turn 'benefits into bricks' would have little actual effect on the number of Britons becoming home-owners as the cost-of-living crisis will keep them from saving for deposits. In the wake of the Tory confidence vote meltdown, Boris Johnson used a major speech in Lancashire to vow to revive Margaret Thatcher's housing revolution for low-income families Mr Johnson announced moves to extend the 'Right to Buy', which helped millions purchase their council properties at huge discounts in the 1980s and 1990s, to housing association tenants In a major speech in Lancashire later, Boris Johnson will unveil new proposals to boost home ownership The PM will try to revive Margaret Thatcher's housing revolution today with a new package to help low-income families buy their own homes. The Prime Minister's official spokesman said: 'This would enable people who are privately renting also to save, for people on benefits to save to get a mortgage, effectively by exploring discounting savings into lifetime or help to buy ISA from Universal Credit eligibility rules. Mr Gove said the Government will make sure there are new houses to replace those bought by lower-paid workers under new plans where they can use housing benefits to buy their homes and an extension of the right to buy for housing association tenants. Right to Buy became one of the policies of Margaret Thatcher, whose statue is pictured in Grantham, with around two million families given the chance to buy their home at a discount of up to 70 per cent 'That means that when new developments occur, when new homes are built for sale by the big housing companies, we will extract some of the money that they make and some of that money will be set aside explicitly to make sure that there is more affordable housing or council housing for people who need it.'