Commenting on the announcement by Danny Alexander, chief secretary to the Treasury, that the Government will sell off £15 billion worth of public assets by 2020, Stephen Barter, director at KPMG, comments:
"The sales of public sector assets, particularly of public sector land for much-needed house building, must be focused on the priority areas for job creation. The rebuilding of communities and the attraction of inward investment fundamentally depend on the availability of appropriately priced housing stock, whether to buy or rent.
“Given the renewed appetite from major institutions for housing investment, there is considerable scope for smart partnerships to deliver better jobs, stronger communities and better quality of life."
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Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.