Woking council 'effectively bankrupt' with £1.2bn defic

Woking council has declared itself effectively bankrupt over a £1.2 billion hole in its budget after a series of bets on the commercial property market went sour.

Related Keywords

Essex , United Kingdom , Croydon , Thurrock , London , City Of , Michael Gove , Rob Whiteman , Nick Ferrari , Ann Marie Barker , Asher Mcshane , Julie Fisher , Alamy , Institute Of Public , National Audit Office , Liberal Democrat Run , Communities Secretary Michael Gove , Liberal Democrats , Chartered Institute , Public Finance , Woking , Council , Bankrupt , Control , Debt , Costs , Spiralled , Commercial , Property , Market , Ffectively , Billion ,