Which Properties Should Be State Owned?

Danny Alexander, chief secretary to the Treasury has recently announced the launch of a new website which will hold a record of all government real estate. The public will be allowed to come forward, with suggestions on which state owned land and buildings should be sold off. “The government doesn’t want to be a hoarder of land and property that could be better used for things like housing and local economic growth, “said Mr Alexander.

Ministers have launched a strategic land review with a view to releasing £5bn of land and property between 2015 and 2020. People or companies could challenge the government to sell specific properties through the new ‘Right to Contest’ scheme. With so much real-estate available, from vacant airfields to motorway lay-bys, there could be quite a few applications to be considered by the new committee of ministers from the Treasury and Cabinet office. Applications will only be refused if the location is “vital for operational use”, or if there are overriding reasons.

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