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The Guardian - UK

Politics

Richard Partington Senior economics correspondent

YOU WONT BELIEVE: Bankrupt woking to get 500m bailout in surrey council shake up - You Need To See This

Woking Surrey Steve Reed

Civic offices of Woking borough council — Woking council offices. Eleven borough and district councils and Surrey county council will be dissolved and merged into two large authorities. Photograph: Graham Prentice/Alamy

Ministers have agreed to give bankrupt Woking council an “unprecedented” £500m taxpayer bailout under government plans to merge a dozen local authorities in Surrey.

In a historic intervention, the communities secretary, Steve Reed, said the government would repay a significant chunk of the debt owed by the former Tory-run local authority.

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