Suppose a public body owned tens of thousands of acres of real estate across England, mostly in prime residential areas. Suppose it showed little inclination to rationalise its holdings in any tough-minded way, but drifted on, barely able to maintain the property it owned. Would there not be a strong case for HM Government to step in and reclaim some of these assets from the inertia-bound body?
Such a body exists.

Disagree with half of it, enjoy reading all of it
TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.
Already a subscriber? Log in
Comments
Join the debate, free for a month
Be part of the conversation with other Spectator readers by getting your first month free.
UNLOCK ACCESS Try a month freeAlready a subscriber? Log in