The government of the United Kingdom plans to sell around 20 billion pounds worth of state property over the next 10 years. This was published as part of an efficiency savings report. The Oil and Pipeline agency, Queen Elizabeth conference center and Dartford crossing are all a part of the properties listed to be sold as part of new cost efficiency measures.

The Royal Mint also part of the selling off plan is scheduled to be sold by the end of the year. It is expected that the Royal Mint will now be sold to a private company contrary to what happened a few years ago when a proposed sale was halted due to the poor performance of the Royal Mint at that time.

The private sector is more efficient in all aspects and it is believed that the selling of government owned organizations will help improve them as well as cut back on the government's bottom line management costs.

The sale of other state owned properties is sure to have ignited property investor's interests. The Westminister Queen Elizabeth conference centre is due to be sold in 2011/12.

Dr Read, Logica Chief executive and part of the commission to produce the efficiency savings report, suggested that transparency should be essential in improving the public center profits. One of his main points was the declaring of public centre costs to the people in an attempt for public audit to force these government owned organizations to perform much better.

View other news from May 2009