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 salesMinisters 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…

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