British Council’s £197m debt should mostly be written off, MPs say
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“British Council’s £197m debt should mostly be written off, MPs say”
Commons report calls on Foreign Office to bail out soft-power flagship reeling from job cuts and asset sales Ministers should explore writing off a crippling £197m loan to the British Council by converting as much of it as possible into “a grant or similar”, MPs have said. The Commons public accounts committee said the government lacked a “positive vision” for the council, whose soft power value to the UK is put at £1bn a year. The MPs called on the Foreign, Commonwealth and Development Office…
Read at The Guardian – UK“British Council’s £197m debt should mostly be written off, MPs say”
Commons report calls on Foreign Office to bail out soft-power flagship reeling from job cuts and asset sales Ministers should explore writing off a crippling £197m loan to the British Council by converting as much of it as possible into “a grant or similar”, MPs have said. The Commons public accounts committee said the government lacked a “positive vision” for the council, whose soft power value to the UK is put at £1bn a year. The MPs called on the Foreign, Commonwealth and Development Office…
Read at The Guardian – WorldWhat the reports add
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