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UK starts paying down Woking’s £2 billion debt

9/7/2026

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Story summary
  • UK government begins paying down £500 million of Woking Borough Council’s historic £2 billion debt.
  • The payment is the first step in reducing the Surrey authority’s debt pile.
  • West Surrey Council will replace Woking in April 2027 after Surrey County Council and 11 boroughs dissolve.
  • Forecasts show the new council will start with a £4 billion shortfall, largely because of Woking’s debt.