Which policy initiated in 1980 significantly increased home ownership?

The Right-to-Buy scheme is significant because it allowed tenants of council housing in the United Kingdom to purchase their homes at a discounted price. This policy aimed to promote home ownership among lower-income households and was part of a broader effort to reduce the role of the state in housing provision. The introduction of this scheme marked a pivotal shift in housing policy, moving away from public housing as a norm and encouraging private ownership, which was seen as a route to enhance individual responsibility and investment in property. Ultimately, the Right-to-Buy scheme contributed to a notable increase in homeownership rates throughout the 1980s and beyond, fundamentally reshaping the housing landscape in the UK.