Intentar ORO - Gratis
Council's ‘£5m loss’ in M&S store sale
Western Daily Press
|November 07, 2025
THE sale of the Marks and Spencer store in Yeovil cost Somerset Council more than £5 million.
Somerset's four district councils previously borrowed money to invest in commercial properties, supposedly using the rental income to fund front-line services in the face of falling central government grants.
‘A total of £290m was invested using loans from the Public Works Loans Board (which is now part of the Treasury) - with South Somerset District Council spending £7.65m in 2017 to acquire the Marks and Spencer outlet on Middle Street in Yeovil town centre.
Since declaring a financial emergency in November 2023, Somerset Council (which replaced the district councils in April 2023) has been selling off these commercial investments and other ‘nonoperational assets’ in a bid to balance its budget.
Esta historia es de la edición November 07, 2025 de Western Daily Press.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Western Daily Press
Western Daily Press
Anniversaries to mark - or not - during 2026
Eugene Byrne looks at just a few of the (un)important round-figured anniversaries coming up this year, and indeed some of the West Country Times articles we'll be doing over the next 12 months.
7 mins
January 06, 2026
Western Daily Press
Fanshawe’s charge can follow up
JAMES Fanshawe's Augustus Gloop was a ready winner on his third start and can go in again in the Bet £10 Get £40 With BetMGM Handicap at Wolverhampton today, writes Captain Wessex.
1 min
January 06, 2026
Western Daily Press
Youngsters may go on loan
FROM BACK PAGE
1 min
January 06, 2026
Western Daily Press
PM faces pressure to tackle Trump on Venezuela
THE “vast majority” of Labour MPs want to see democracy in Venezuela, the Prime Minister said, as he faces calls from backbenchers to take a tougher line with United States President Donald Trump.
1 min
January 06, 2026
Western Daily Press
Pick of the day
MILLIONAIRE HOT SEAT, ITV1, 7.30PM
1 mins
January 06, 2026
Western Daily Press
Cheap loss leaves boss 'super disappointed'
ERHARD Struber admitted that Bristol City’s defeat to Preston North End was “really, really difficult to accept” - with the Robins boss left “super disappointed” by the manner in which his side gave up all three points at Ashton Gate on Sunday.
2 mins
January 06, 2026
Western Daily Press
Fundraiser after fatal fire hits £425,000
A HEARTBROKEN father has been “humbled beyond comprehension” as a funding campaign set up after he lost his wife and two children in a Boxing Day house fire has topped £425,000.
1 min
January 06, 2026
Western Daily Press
Marines 'poised for ops' in return to Arctic Circle
BRITISH commandos are returning in force year-round to the Arctic Circle amid ongoing global tensions.
1 min
January 06, 2026
Western Daily Press
'Human swan' to appear before camera operator death inquiry
EVIDENCE will be heard online next week in the fatal accident inquiry (FAI) into a midair paramotor collision which led to the death of a camera operator.
1 min
January 06, 2026
Western Daily Press
Gas work halted by second homes
THE volume of second homes in an area of Devon is preventing gas being restored to properties hit by a major outage.
1 mins
January 06, 2026
Listen
Translate
Change font size