Woking council offered massive £785m lifeline from Government in major rescue deal getsurrey.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from getsurrey.co.uk Daily Mail and Mail on Sunday newspapers.
Local Government Minister Simon Hoare approved the above-inflation increase to the precept in Woking, which declared itself effectively bankrupt in June with a debt pile of £2.6billion.
Woking council s disastrous forays into the commercial property market have left it close to bankruptcy. Alarmingly, it s far from an isolated case, with up to four more local authorities on the brink.
The staggering amount Woking Borough Council is in the red as third largest debt of all UK councils getsurrey.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from getsurrey.co.uk Daily Mail and Mail on Sunday newspapers.