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Written question asked by Helen Morgan (Liberal Democrat) on Wednesday, 7 June 2023, in the House of Commons. It was due for an answer on Tuesday, 13 June 2023 (named day). It was answered by Lee Rowley (Conservative) on Tuesday, 13 June 2023 on behalf of the Department for Levelling Up, Housing and Communities.

Woking Borough Council: Loans

Question

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the potential impact of Government loans to Woking Borough Council on public finances.

Answer

On 25 May 2023, the Secretary of State announced that he had considered that Woking Borough Council had failed in their best value duty. Consequently, the Council has been placed in statutory intervention for a duration of five years. Commissioners have been appointed with powers over key council functions, including finance and commercial activities. On 7 June, the Interim Finance Director of Woking Borough Council issued a notice, as required under section 114 of the Local Government Act 1988, that the Council cannot balance its budget in the current or subsequent financial years. The issuance of such a notice is a local decision.

As part of the intervention, the Secretary of State has directed the Council to prepare and agree an Improvement and Recovery Plan to the satisfaction of the Commissioners within six months.

The Government is working closely with Woking Borough Council and its Commissioners to monitor, in detail, the Council's future borrowing requirements.

Secondary information

Type
Written question
Reference
188435
Session
2022-23
Grouped for answer
Yes
Subjects
Loans Public finance Woking Borough Council
Link
View this Written question on www.parliament.uk