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November 24, 2014

UK: QEII Centre Could be Sold to Help Pay Off Deficit

The QEII Centre (formerly the Queen Elizabeth II Conference Centre) could be sold off by a future Labour government to help pay off the UK’s £67bn deficit.

The conference centre is one of four central London buildings owned by government departments that Labour has identified as potentially "non-essential" and could raise £100m.

The QEII Centre, opposite Westminster Abbey, is estimated to be worth more than £25m and underwent a £12m refurbishment earlier this year, which saw the foyer area of the building opened up, the ceiling lifted and brighter décor giving it a new, more welcoming feel. There is also a new café area in the lobby. 

Labour will commission a value-for-money review to decide whether it would be more appropriate to sell the conference centre. 

The Conservatives have criticised the plans, saying the idea "represents just 0.0001 per cent of the deficit".

Read more at MeetPie.com...

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