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Local Government Finance: West Surrey

Government does not publish information on individual local authority loans and interest rates. , however, data on loans issued from the Public Works Loan Board is published as Historical Data. Further, authorities are required to report their financial position in their Annual Statement of Accounts. Authorities are required, however, to report their financial position in their Annual Statement of Accounts. Local authorities also provide the Government with data on their borrowing, including source of borrowing. The data can be found on gov.uk here.

The government has committed to unprecedented debt repayment support for Woking Borough Council ahead of their inclusion in the new West Surrey Council, given the significant and exceptional unsupported debt at the council linked to historic capital practices. Further to this unprecedented commitment to repay in-principle an initial £500m of Woking Borough Council’s debt in 2026-27, we are committed to providing interim financial support to the new council until a final decision is made. It is crucial that any debt support must consider value for money for local and national taxpayers.