Somerset Council loses interest
On 1 April 2023, the new Somerset Council inherited a portfolio of property from the four Somerset districts designed to make money to pay for services. So why is it losing money?
Dear reader
Today’s Somerset Confidential® is one of our regular free news reports.
We delve in depth into what went wrong when our Somerset councils tried to invest in property.
The work involved tracking a five year history of investment, analysing meetings at different councils over that period and pulling together numbers that are often opaque.
It is wh…