David Cameron’s plans to extend the right-to-buy scheme to 1.3m families in housing association properties, has come under fire from business. The CBI and Jones Lang LaSalle warned that the Tory plan would not address the shortage of housing. JLL’s Adam Challis said: “The expansion of right to buy may be good politics, but represents terrible policy. This is exactly the kind of short-termist thinking that the country’s 4.7m households in social housing don’t need, not to mention the same number again of aspiring owners in private renting.” John Cridland, director-general of the CBI, explained: “We desperately need bold action to get on with building 240,000 homes a year by 2025. Extending the right-to-buy scheme does not solve the problem.” Elsewhere, the National Housing Federation said the policy could cost up to £5.8bn a year due to the compensation that would have to be paid to housing associations that will have to offer housing stock to tenants at below-market rates.