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Schools, care homes and sports clubs sold off to pay spiralling council debt

Summary
Communities across the UK are paying for spiralling levels of council borrowing with a fire sale of publicly owned facilities, a BBC study has found. Schools, care homes, a boxing gym and even an Olympic legacy equestrian centre are among hundreds of buildings being sold as struggling councils seek to reduce a debt pile totalling £122bn.

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BBC News broke the news in United Kingdom on Monday, August 25, 2025.
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