Recently, there has been much discussion around plans being considered by Government to encourage councils in England to address budget shortfalls by selling publicly-owned buildings and other assets worth up to £23bn.
Critics have labelled the proposal a ‘fire sale’ and ‘sticking plaster solution’, raising legitimate concerns it is poorly timed, based on short-term thinking and fails to address the wider problems in local authority funding, which could create future issues and a loss of valuable services.
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