William Eichler 04 March 2025

Woking approves ‘business as usual’ budget

Woking approves ‘business as usual’ budget image
Image: Tommy Lee Walker / Shutterstock.com.

Cash-strapped Woking Borough Council has signed off on a budget aimed at ensuring the council ‘operates within its financial means.’

The troubled local authority was forced to declare itself effectively bankrupt in June 2023 with £2bn of debt.

It has now approved a ‘business as usual’ budget of £23.6m to fund essential services during the next financial year and £2.5m in savings.

This budget is separate from the council's legacy debt and borrowing costs.

Deputy leader and portfolio holder for Finance and Economy, Cllr Dale Roberts, said: ‘Whilst the council’s complex financial situation remains, the proposed budget marks a critical milestone in the borough’s financial recovery.’

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