Cash-strapped Britain to sell off embassies – Politico

The Foreign Office will reportedly offload diplomatic properties and cull staff as part of deep spending cuts

Britain’s Foreign Office is set to sell some of its overseas embassies and diplomatic housing as part of deep spending cuts, Politico reported on Friday, citing newly released government budget documents.

The ministry is reportedly reviewing its £2.5 billion ($3.3 billion) portfolio of about 6,500 foreign-based properties to identify “assets to release,” as hundreds of the buildings are in serious disrepair or deemed too expensive to maintain.

The restructuring plan also foresees cutting nearly a third of UK-based staff, the outlet said.

Read the full article at RT.COM