Donald Roy · @djr
86 followers · 1865 posts · Server union.placeBreaking news!
#woking #council have now issued a section 114 notice - similar to filing for #bankrupcy. The debt to the #publicworksloansboard alone appears to stand at £1.3 Billion! The #publicworksloans board has existed for nearly one hundred years and lends to #localgovernment at a slight mark up over #ukgilts - any default would go onto the #ukgovernment #balance #sheet
Deeply embarrassing!
#woking #Council #bankrupcy #publicworksloansboard #publicworksloans #localgovernment #ukgilts #ukgovernment #balance #sheet