Slough approves £600m asset sale

By Paul Marinko | 21 September 2021

Crisis-hit Slough Council has approved plans to flog around £600m worth of assets as it battles to get its finances under control.

Senior councillors agreed the move last night after officers told them the authority had ‘untenable levels of borrowing and debt charges’ that risked the council having to spend more than 30% of its net revenue budget to finance these costs.

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Budgets and efficiency Whitehall Finance Asset management Councillors Debt
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