Hardly - right to buy homes are sold at market value.
The subsidy paid by the council is dependant on what you put in. If you pay £5 a week, and have done all your life - the discount is very little. If you have paid the full rate - you get a large discount.
Also, any upgrades and repairs paid by the council are deducted from this.
So, any subsidies, are likely to be very small - and in the long run probable saves the "ratepayer" - as the council no longer have to pay their rip-off contractors for sub standard repair jobs, or upgrade the houses - all this responsibility goes to the new homeowner, and the council/govt have no more to do with it.
And if you are implying that it is RTBs who are causing the shortage in housing then you are very wrong - most RTBs buy the house they have already inhabited - that nobody else would buy.
It's privatisation - no different to British Gas - or the railways. The govt is no longer responsible, saving itself money in the long run.
Maybe we should sack the cretinous govt leaders who allow people to buy multiple properties - cutting supply - and raising prices. And now - they are a major contributing factor of this credit crises. Maybe we should tackle that first?
No - it's the poor we need to target. Nothing changes - ey?