Military housing will be transformed, ministers vow, as they buy 36k homes sold by John Major’s government
MINISTERS have vowed to transform military housing as they buy back 36,000 homes sold by John Major’s government.
Defence Secretary John Healey, above, called the 1996 sale “one of the worst-ever government deals”.
The 1996 deal saw Defence Secretary Michal Portillo sell 55,000 homes to investment fund Annington for £1.7bn, roughly £27,000 each.
It was said to have left taxpayers £8billion worse off and condemned hero troops to living in damp, rotten homes for decades.
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