Woking’s ‘worst fears’ confirmed as £490m blackhole in council’s books due to Victoria Square
“Worst fears” have been confirmed in newly published accounts that exposed a half billion pound “black hole” in Woking Borough Council’s finances and plunged the future of many services into doubt. The figures, released this week on Companies House for 2021, show the council’s biggest investment, Victoria Square, has had £490,479,300 wiped off its value. … [Read more…]