QEII Centre attacks Labour plans to sell venue

London's QEII Centre has said it is of more economic benefit to the state to be kept than sold off in response to Labour's debt-cutting plans announced earlier this week.

QEII Centre
QEII Centre
A venue spokesperson told C&IT the Centre generates a yearly surplus for the exchequer, and is on course to exceed its revenue target for 2014/15.

A review concluded in December 2012 that the freehold interest in the building should be retained and that the conference centre use should also be retained, as it had proved to be of "considerable economic benefit".

The spokesperson added: "The QEII Centre has recently commenced a self-funded, £12m phased refurbishment programme, and has completed the first two phases which have provided great stimulus to the business and received significant client and events industry acclaim."

On Monday C&IT reported how the centre was one of four state-owned buildings in the capital Labour had identified as potentially "non-essential" and at risk of being sold to help pay off the UK's £67bn deficit should Labour get into power.

The plans have been criticised by the Conservatives who say the idea "represents just 0.0001 per cent of the deficit".



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