ASSET MANAGEMENT

Government's asset sale plan: Short-term fix or long-term disaster?

Selling council assets may provide a quick fix of cash, but cuts off future revenue supplies and worsens budget deficits, warns Thomas Howard.

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.

Yet does this mean the plan is completely without merit and that no disposals should be considered?

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