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Real estate industry

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Radical change falters over funding

Article Abstract:

In April, 1996, local government consisting of eight county and 37 district councils in Wales was replaced by 22 unitary authorities. Many councillors had ambitious plans to provide high quality services at the best value. Eight months later, most of these new councils are reducing or deferring expenditure due to lack of funds. Councillors claim extra expenditure is necessary to avoid cuts in services, but the Secretary of State for Wales is determined to keep any increase in council tax to a maximum of 15%.

Tax Management, Public Administration, Local Government, Taxation, Tax accounting, Political aspects, Powers and duties, Wales, Cabinet officers, Cabinet officials, United Kingdom. Welsh Office

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Tenants call the tune

Article Abstract:

Speculative office developers have built several well-designed and high quality buildings in Leeds, England, particularly the new office buildings for Norwich Union and NatWest. Some agents feel that any new developments must respond directly to the requirements of prospective occupiers. Some older office sites have been converted to hotels. Demand for offices remains steady although some companies are prevented from moving to new sites because of their existing leases.

Subdividers and developers, not elsewhere classified, Land Subdivision and Land Development, Office & Commercial Developers, Buildings and facilities, England, Office buildings, Leeds, England, Commercial developers

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