Councils told to sell off pools

Article Abstract:

The Treasury wants the UK's local authorities to meet spending objectives drawn up by Chancellor, Gordon Brown, by disposing of assets including leisure centres, swimming centres and offices, it emerged on 6 July 1998. Mr Brown will be informed by the Association of Local Government that annual sales of GB 2.75bn can be achieved, amid the belief that GB 2.5bn can be generated primarily from housing being transferred to housing associations during 1998-1999 across England. However, the Labour-controlled association wants rules governing spending by town halls to be abolished by the Treasury, enabling them to retain all the money generated from privatisation. There may also be concern over plans to dispose of assets considered precious.

Comment:

UK: Treasury wants local authorities to meet spending objectives by disposing of assets including leisure centers & offices

Government expenditures, National Government Assets, Privatization (Business), Assets (Accounting), Article

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'No one country can insulate itself from a slowdown.'

Article Abstract:

The UK economy continues to expand, according to Chancellor Gordon Brown in his pre-Budget report. He believes that there are a number of key challenges, including reviving the National Health Service and helping the areas in which there is little economic growth.

Government regulation, Fiscal Policy, Economic policy, United Kingdom. National Health Service, Speeches, lectures and essays, Transcript, Brown, Gordon (British chancellor)

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