Dan Peters Paul Marinko 21 November 2024

Woking's debt hits £2.1bn

Wokings debt hits £2.1bn image
Image: Tommy Lee Walker / Shutterstock.com.

Woking BC's commissioners have revealed its ‘spiral of debt' has reached £2.1bn and further intervention is needed, with capitalisation not providing a ‘sustainable solution'.

In their latest update report to ministers, the government-appointed commissioners revealed there was ‘no means by which the council can repay all the debt from its own resources'.

Visit The MJ (£) to continue reading.

SIGN UP
For your free daily news bulletin
Highways jobs

Corporate Director - Planning

Dorset Council
£97,966 - £126,181
Do you share our ambition for Dorset? Dorset
Recuriter: Dorset Council

Director - South London Partnership

South London Partnership
£99,084 - £116,847
South London is a place of real ambition and remarkable scale. London (South), London (Greater)
Recuriter: South London Partnership

Senior Practitioner - Emergency Duty Service

Essex County Council
£48205.0000 - £57988.0000 per annum
Senior Practitioner - Emergency Duty ServicePermanent, Full Time£48,205 to £57,988 per annumLocation
Recuriter: Essex County Council

Director of Transport Commissioning & Development

Liverpool City Region
£131,940
It’s hard to overstate the scale of our transport ambitions. Liverpool, Merseyside
Recuriter: Liverpool City Region

Social Worker - Youth Justice Service

Kirklees Metropolitan Council
£38,220 - £44,075
Our employees are at the very heart of the services we provide to the community Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council
Linkedin Banner