#uk #localgovernment #finance

#september #2024
#deadline

In Friday's #ft it was reported that #accounts and #audits of #localgovernment bodies are to be brought up to date by #september next year. There have been problems since the #conservatives abolished the #auditcommission in 2015 - and it makes sense to find out as soon as possible if there are any more #localauthorities in the position of among others #croydon, #slough , #thurrock and #woking . However there are some snags to this.

Murder
Grievous crime,
Girl, young, innocent,
Perpetrators missing,
Gone.

#murder #childabuse #justice #woking #cinquain #poetry

http://www.independent.co.uk/news/uk/crime/woking-murder-inquiry-girl-10-dead-b2391644.html

‘Eye-watering’: how #Tory #Woking council’s glittering dream turned to dust https://www.theguardian.com/society/2023/jun/09/eye-watering-how-woking-councils-glittering-dream-turned-to-dust

Funny, I thought finances were supposed to be safe with the #Tories. Instead Woking's Tories seem to have gone on a reckless property spree funded by borrowing.

#Woking council declares #bankruptcy with £1.2bn deficit
https://www.theguardian.com/politics/2023/jun/07/woking-council-declares-bankruptcy-with-12bn-deficit?CMP=Share_AndroidApp_Other

“Against the core funding of £16million available in the 2023/24 financial year, the council faces a deficit of £1.2billion.”

https://www.wokingnewsandmail.co.uk/news/woking-borough-council-goes-bust-with-ps2bn-debts-619076

#Woking #UK #Government #council #Section114 #Conservatives #Tories

Breaking 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 declares #bankruptcy with £1.2bn deficit | Local politics | The Guardian

But the #Tories are the party of fiscal responsibility. [sarc.]

https://www.theguardian.com/politics/2023/jun/07/woking-council-declares-bankruptcy-with-12bn-deficit

#UK #England #Surrey #Politics

#Woking Borough Council issues section 114 notice 'in response to the severe financial challenges faced by the authority.'

https://www.woking.gov.uk/news/council-issues-section-114-notice-response-severe-financial-challenges

Until recently, Woking was #Conservative controlled and embarked on a massive redevelopment of the town centre - the new administration has tried to delay some developments since they took control to control costs

#UK #Government #council #Section114

@ThetaSigma

At £ 500 million it would be a snip - only about a quarter of what #woking #council was able to borrow on the basis of an annual income of £ 16 million!

More detail about #Woking. Current core funding including grants from central government £16 million this financial year. Debt portfolio £1.8 Billion.

Simple mind-boggling that this was allowed to happen.

Maybe in future #uk #Conservatives should worry more about #woking than at #Woke !

#Woking council declares bankruptcy with £1.2bn deficit

Previous Tory leadership embarked on risky investment spree involving hotels and skyscrapers

https://www.theguardian.com/politics/2023/jun/07/woking-council-declares-bankruptcy-with-12bn-deficit

The #Conservative #Secretaryofstate has appointed three commissioners to take over the finances of #Woking for five years.

It is not clear what they will do. Presumably some combination of a #firesale of #assets and some write off of #loans from the Public Works Loans Board is inevitable.

What is extraordinary is how such a situation was allowed to develop. Until the early 2010s the #AuditCommission kept an eye on #local #government.

An extraordinary situation has arisen with regard to the town of #Woking in the commuter belt outside #London. The local council appears to have accumulated a #debt more than one thousand (!) times its annual revenue. Most of this happened when the local #Conservatives controlled the council - it has since given the #LibDems a majority.
Problems with debt elsewhere - such as in #Croydon and #Thurrock pale into insignificance by comparison!

Venue Tour. New Victoria Theatre. #tickets #woking #uktheatre https://www.uktw.co.uk/L079063936/

We went to #Woking recently having only passed through previously. The new #development isn’t that exciting. It looks poorly built, in an almost 60s style. The usual shops are there but without much of a draw. Everyone seemed confused as to how to pay at the multi-storey
car park. #Guildford town centre feels dead but at least it’s attractive. https://www.theguardian.com/society/2023/feb/21/woking-surrey-council-brink-insolvency-debts-2bn?CMP=Share_iOSApp_Other

RT @AdoptionsUk@twitter.com

Please retweet to identify or find information about this little Jack Russell FOUND #WOKING #SURREY #UK

Found 21 Jan, she has recently had puppies 💔

She could be missing from another region, please share widely.

DETAILS
https://lostdogsuk.co.uk/wp-content/uploads/2023/01/WOK-2601231330.pdf

🐦🔗: https://twitter.com/AdoptionsUk/status/1619077353531150336

One of the great things about being a local councillor is all the great work you see within the community.

I really enjoyed meeting Annette and James at the end of last year for the somewhat cold presentations of the 2022 Sport Woking Awards. Both had such inspirational stories & do so much for our community, it was a pleasure to see their work recognised across the Woking community. #Woking #SportsAwards

Important news! #Mozart #Requiem #Comeandsing #Woking #choir #singing

RT @AdoptionsUk@twitter.com

Please retweet to help River find a home #WOKING #SURREY #UK

Aged 6-12 months, she is already 30kg. River is looking for an experienced adult home to go on with training. She may benefit from living with another dog🐶✅

DETAILS or APPLY👇
https://rspca.org.uk/findapet/details/-/Animal/RIVER/ref/233627/rehome……
#dogs

🐦🔗: https://twitter.com/AdoptionsUk/status/1610745395956617233

RT @AdoptionsUk@twitter.com

Please retweet to help Boycie find a home #WOKING #SURREY #UK

Super affectionate Saluki Cross aged 6. Given up, unwanted by his owner. He is looking for a loving adult home as the only pet. Please read full details ⭐️

DETAILS or APPLY👇
https://rspca.org.uk/findapet/details/-/Animal/BOYCIE/ref/236550/rehome

#dogs #pets

🐦🔗: https://twitter.com/AdoptionsUk/status/1609487781201330177