Bailout

Woking Council Gets Massive Bailout to Cover Huge Debt Payments

Woking Council Gets Massive Bailout to Cover Huge Debt Payments

Woking Council receives a £74.9M bailout for 2025/26 and £96.5M for 2024/25 after declaring bankruptcy in 2023 due to debt. Woking Council Gets Massive Bailout to Cover Huge Debt Payments Woking Borough Council nearly went broke. The government gave them a huge bailout. This will protect key public services. The government calls it “Exceptional Financial…

Lambeth Borough May Sell Homes to Repay £40 Million Government Bailout

Lambeth Borough May Sell Homes to Repay £40 Million Government Bailout

Lambeth faces selling properties to repay a £40M bailout needed for its housing account. Future funding may also be required. Lambeth Borough May Sell Homes to Repay £40 Million Government Bailout Lambeth needs to repay a £40 million bailout. The government gave Lambeth this money. The council might sell homes to get cash. Lambeth’s finance…