Property sales criticised

Property sales criticised - 1990 - Planning (for the Natural and Built Environment) no 866, 27/4/90 p5 Financial Times 3/5/90 p9 .

A report by the NAO on the sale of Herstmonceux Castle by SERC to a private developer, claims that some sort of clawback provision should have been made to recover any subsequent development gains . The Public Accounts Committee in its further report on the Royal Ordnance sale criticises the Ministry of Defence for using out of date valuation s and not considering clawback provisions.


GOVERNMENT PROPERTY
PRIVATISATION
PROPERTY SALES