Article 6THM1 Surrey councillors ask ministers to ‘write off’ Woking’s £1bn debt

Surrey councillors ask ministers to ‘write off’ Woking’s £1bn debt

by
Richard Partington Economics correspondent
from World news | The Guardian on (#6THM1)

Taxpayers asked to shoulder burden as beleaguered council expected to merge with neighbouring authorities

Taxpayers are being asked to shoulder 1bn in debt amassed by a bankrupt Surrey council that will be merged in the government's plan for the biggest transfer of powers to England's regions this century.

Posing a fresh financial headache for the government, councillors in Surrey have requested that ministers write off" 1bn in debt held by troubled Woking borough council to enable a merger between the county's 12 local authorities.

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