The UK government is considering giving local councils more flexibility to sell assets in order to prevent bankruptcy. This policy, referred to as selling the 'family silver,' aims to avert a wave of bankruptcies by allowing councils to manage their deficits through asset sales. The government is consulting on new measures to encourage authorities to sell off assets to stave off financial crises. However, a Treasury minister has cautioned against selling assets, emphasizing the need for caution in the face of struggling town halls.
A UK Treasury minister cautioned councils against selling assets even as the government proposes to loosen budget rules to help boost the finances of struggling town halls https://t.co/8kWS8KWAUl
"I wouldn't support any selling off of community assets" Councils should only use any loosening of rules on selling off assets to make their footprint more efficient says Laura Trott. #TimesRadio | @KateEMcCann | @adamboultonTABB https://t.co/hsEqEk3cs1
The UK government may give local councils more leeway to sell assets, a policy dubbed selling the "family silver" to ward off bankruptcy via @tomelleryrees https://t.co/ISvayDt3IL
"bankruptcy" for a council does not mean the same thing as for a company. what they mean here is "sell assets rather than have a single year's deficit budget" https://t.co/GVz3y9XgNY
The Government is consulting on new measures that encourage authorities to sell off assets to manage their deficits and stave off bankruptcy. I spoke to @BloombergUK's @TomElleryRees about the implications: https://t.co/gmXo0XGXu7
Exclusive from us this morning. The government is quietly advancing plans for a major loosening of council budget rules to allow them to sell assets en masse to avert a wave of bankruptcies https://t.co/A8RQJB7wh2
The UK government may give local councils more leeway to sell assets, a policy dubbed selling the "family silver" to ward off bankruptcy https://t.co/DDs07jw2N0
THe UK government may give local councils more leeway to sell assets, a policy dubbed selling the "family silver" to ward off bankruptcy https://t.co/53rOZ28vzn