FINANCE

Woking issues section 114

Stricken Woking BC has issued a section 114 notice as the authority continues to work with Government on a solution to its financial crisis.

Stricken Woking BC has issued a Section 114 notice as the authority continues to work with Government on a solution its financial crisis.

The councils said it faced a £1.2bn deficit against core funding of £16m and pointed out the notice requires it to stop all non-essential spending.

Paul Marinko

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