General (General discussion, talk about anything.)
In 1976 the UK was forced to seek a bailout from the International Monetary Fund because of a financial crisis. At the time it was the largest ever IMF loan.
A subsequent American authored book titled ‘The day Great Britain died’ chronicled the crisis. It noted that the senior ranks of the Civil Service believed that the UK was in an irreversible decline.
The IMF loan carried conditions, one of which was the need to pay down accumulated debt from the building of social housing. This would eventually lead to the Right to buy legislation.
History may well look back on those early buyers as doing the country a favour.
Replied: 3rd Feb 2021 at 12:56