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June 2015 (Issue 84)

From right-wing fantasy to stark reality in four months. In February, the right to buy for housing association tenants was merely a glint in the eye of senior Conservatives - 16 weeks later and the queen has uttered the dreaded words.

Boards now need to take a good look at their business plans, work out worst case scenarios for the potential loss of homes and discuss the implications for loan agreements and long-term investment. We have no choice but to get on with the job at hand.

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