As stated in Budget 2009 progress on the asset management and sales strand of the Operational Efficiency programme will be reported in the pre-Budget report 2009.
Local authorities are expected to contribute £11 billion in asset sales in the period 2011-14. This is based on historic sales of fixed and financial assets and trends in property prices and transactions.
The Government estimates that a further £3 billion will be raised from the sale of central Government business assets and will set out further details in the coming weeks.
An estimated £2 billion will be raised from the sale of central Government property.