Regeneration in the newspapers: Whitehall property boss warns against sell-off

Property Unit head says government should not sell off large chunks of its property portfolio

The Government should not sell off large chunks of its property portfolio, according to the man in charge of reviewing the assets. The Daily Telegraph says that civil servant John McCready, head of the Government’s property unit, said that the Government would only sell non-core assets or those where the cost of operation exceeds their value. He said a better time to make sales would be when the deficit was under control.

Staines, the home of spoof rapper Ali G, is considering changing its name to Staines-Upon-Thames, in an attempt to repair the town’s reputation, according to the Daily Telegraph. Local business leaders hope the new name will attract tourists and businesses to the area. The town’s mayor, Euan O’Hara said that Ali G has not done the town any favours.

The private sector will not be able to take up the slack in the labour market left by public sector job cuts, according to the Chartered Institute of Personnel and Development. The Daily Telegraph reports that a study for the institute says that 900,000 private sector jobs will be lost by 2015-16.

Developer Westfield is trying to lure traders from London’s successful Borough Market to its new shopping centre adjacent to the 2012 Olympic site, according to The Guardian. It reports that traders on the Borough site have been approached to move to the Stratford City mall. But its overtures have been rejected, according to the paper.

The Institute of Fiscal Studies has defended its description of the Comprehensive Spending Review as regressive, The Guardian writes. Deputy prime minister Nick Clegg said last month that the IFS was wrong to make the claim. But yesterday, Carl Emmerson, the acting director of the think-tank, said analysis covering 90 per cent of the Government’s plans showed that the lowest 20 per cent of households would lose the most.

Family doctors should be paid more to work in deprived areas, according to the Public Accounts Committee. The Yorkshire Post said that the committee found that health inequalities had widened during the last government’s 13 years in power.

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