Ministers play down commercialisation 'crackdown'

By Dan Peters | 10 January 2019

Ministers have played down the prospect of a widespread crackdown on councils that borrow for commercial reasons.

The Treasury and Ministry of Housing, Communities and Local Government (MHCLG) are considering whether ‘further interventions’ are required to slow the commercialisation trend, which has led to councils spending £4.1bn on commercial property over the last four years.

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