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Spelthorne to shed further assets ahead of LGR

Spelthorne Borough Council is to go ahead with plans to dispose of two more commercial properties at a substantial loss in a bid to shrink its debt ahead of local government reorganisation (LGR).

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Elmbrook House in Sunbury was purchased by the authority for £7.2m as part of its commercial investment spree a decade ago, with neighbouring 17

Government must tailor the support available to cash-strapped councils to ensure it accelerates – rather than impedes – their recovery, according to the finance lead at Barnet Council.

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