Woking Borough Council

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…

Woking Council Gets Massive Bailout to Cover Huge Debt Payments

Woking Council Bankruptcy Roles Investigated: Two Ex-Members Probed

Financial watchdog probes two former Woking Borough Council members over their roles leading to bankruptcy. Woking Council Bankruptcy Roles Investigated: Two Ex-Members Probed Woking Council’s bankruptcy faces scrutiny. Two ex-officers are under investigation now. The Financial Reporting Council looks at their actions. They are examining “professional standards.” This review covers 2017 to 2023 finances. Ray…