EXCLUSIVE: Woking's 'astonishing' financial crisis risks hitting Government borrowing

By Heather Jameson and Paul Marinko | 02 June 2023

Calamity-struck Woking BC may need to write off up to £1bn after a series of disastrous investments – a debt so big it would impact on Government borrowing.

Days after the Government intervened at the troubled authority, The MJ has learnt there is no way to plug the unprecedented £2.4bn hole in its budget.

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Finance Intervention Debt