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Leadership Quote by John Prescott

"We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent"

About this Quote

A politician’s sentence that accidentally exposes the whole moral math of modern Britain: you can “discount” away a public good, call it aspiration, and only later admit you’ve engineered scarcity. Prescott’s phrasing is tellingly bureaucratic - “36, nearly 40, billion pound discount” - as if the sheer size of the number might do the emotional work that the topic itself should ignite. It’s an indictment disguised as an accounting note.

The intent is clear: to reframe Right to Buy not as a popular policy that broadened ownership, but as a transfer - a subsidized shift of assets from the state to individuals that hollowed out the rental safety net. By anchoring the critique in “a million houses,” Prescott turns an abstract ideology battle into a physical absence: doors that used to exist for the next tenant no longer do. That’s the subtextual punch. The state didn’t simply “sell homes”; it sold off future options.

Context matters. Right to Buy, launched under Thatcher in 1980, became a cultural symbol of upward mobility and a political weapon against “council estate” stigma. Prescott, a central figure in New Labour, is speaking from the after-image: decades of under-replacement, waiting lists, rising private rents, and a housing market where ownership is increasingly inherited rather than earned. “Desperately needed for rent” is the quiet reversal of the policy’s promise: the public sector isn’t paternalism here; it’s infrastructure. And the absence isn’t neutral - it’s the lever that makes everything else more expensive.

Quote Details

TopicJustice
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Citation Formats

APA Style (7th ed.)
Prescott, John. (2026, January 17). We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent. FixQuotes. https://fixquotes.com/quotes/we-believe-the-36-nearly-40-billion-pound-62812/

Chicago Style
Prescott, John. "We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/we-believe-the-36-nearly-40-billion-pound-62812/.

MLA Style (9th ed.)
"We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/we-believe-the-36-nearly-40-billion-pound-62812/. Accessed 12 Feb. 2026.

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John Prescott: Right to Buy Discount Took One Million Homes from Public Sector
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John Prescott (born May 31, 1938) is a Politician from United Kingdom.

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