The local councils playing fast and loose with borrowed billions
HERE are some astonishing figures. Woking council’s borrowing for the 24/25 year totals around £2billion, equivalent to £18,000 for every resident. Spelthorne, a Surrey town of around 100,000 souls, owes £1billion, Warrington £1.8billion and Thurrock in Essex £1.5billion. There are others. How do they do it, you might be asking, where does all this come […]