Government must scrap prohibitive policies on council use of public assets

Andrew Carter writes in Public Finance about our new Delivering Change report on public assets.

Press release published on 2 December 2015 by Andrew Carter

Much of the debate around last week’s Spending Review has focused on how the steep cuts to local government funding will affect different places across the country – which is no surprise given the tough challenges ahead for local leaders in dealing with a 56% reduction in central government funding over the next few years.

However, another important Spending Review announcement which has gone largely under the radar, but which could have big implications for local government finances, is the plan to allow local leaders to keep 100% of receipts from the sale of public assets.

Read the rest of the article on Public Finance.