At a glance
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Woking Borough Council was warned four years ago about its debt levels
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Debts of 2.6bn have forced the council to effectively declare itself bankrupt
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One of the group who carried out a peer review in 2019 said: “I remember asking key figures at the council how they slept at night with debts at these levels
A council that has effectively declared itself bankrupt was warned about its debt levels four years ago, it has emerged.
Woking Borough Council was alerted by a Local Government Association (LGA) independent peer review that its debt – which was half as much as it is now – could tip it over the edge unless steps were taken.
Last week, the Surrey local…
Read the full article at: https://www.bbc.com/news/articles/c51dkvp52vwo