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<p>HM Treasury will publish a revised Green Book at Spending Review 2020. This will
reflect the findings of the Green Book review which was established at Budget 2020
to investigate whether the Green Book hindered the Government’s levelling up ambitions.
It does not specifically address the management of land assets and commercial property
investments. However, as part of a recent consultation, the Government set out that
Local Authorities should not be investing in commercial property investments that
serve no direct policy or treasury management purpose, and made proposals to amend
the lending terms of the Public Works Loans Board (PWLB) to address the issue. The
consultation closed on 31 July and the Government will be issuing a response in due
course.</p>
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