Posted inCouncils in Crisis Current Publications
REPORT: Flogged off – Public asset sales at councils getting exceptional financial support
Councils selling off assets to raise money is nothing new, but the current exceptional financial support model is allowing councils to keep their day-to-day spending afloat by borrowing or flogging assets on an unprecedented scale. Our new report found that more than £1bn of public assets have been sold by councils receiving exceptional financial support (EFS) in the last five years, with targets to flog off another £1bn in 2025/26. This is happening in the context of a wholesale reorganisation of local government, and a sector-wide financial crisis that has driven many local authorities to the brink of bankruptcy. A... [continues]

























