A Surrey council has ‘no choice’ but to make £11m a year in cuts and sell hundreds of millions in assets or face immediate bankruptcy

A Surrey council is under intense pressure to cut £11 million a year while selling off hundreds of millions in assets. The plan is driven by a mounting £1.1 billion debt and a stark warning from the Government about looming bankruptcy.

A Surrey council has ‘no choice’ but to make £11m a year in cuts and sell hundreds of millions in assets or face immediate bankruptcy