Property industry awaits spending review outcome
October 18, 2010
The property market is waiting with bated breath on the forthcoming government spending review.
The leaks from various departments and quangos have put a question mark over whether the government is going to tear up occupational leases on some of it’s estate.
Philip Green, the government czar charged with looking at cost savings, certainly used this tactic in his normal day job as head of retailer Arcadia to maximum effect several months ago.
There is no doubt that it is not just the public sector that is nervous about it’s future but also all those other companies that do business with it.
