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Somerset Council losses on investments 'could have repaired 65,000 potholes'
The council said managed sales helped protect front-line services, while critics questioned remaining debt on assets bought by former district councils.
Summary by somersetcountygazette.co.uk
3 Articles
3 Articles
somersetcountygazette.co.ukReposted by 
bridgwatermercury.co.uk
bridgwatermercury.co.ukSomerset Council losses on investments 'could have repaired 65,000 potholes'
Somerset Council has lost more than £90m on the sale of commercial investments it inherited from the four former district councils in April 2023
·Somerset, United Kingdom
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Loss from Somerset Council property sale 'could have paid for 65,000 pothole repairs'
A LOST £7 million by Somerset Council on the sale of a property in Stoke-on-Trent originally bought as an ‘investment’ could have covered the cost of repairing 65,000 potholes across the county, it was claimed this week.
·Minehead, United Kingdom
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