Woking Borough Council has spent £72.4m on an office scheme in its borough. Woking Borough councillor David Bittleston, said: “Over recent years Woking has lost vital employment space and we recognise that the current investment market is reluctant to invest in speculative office developments. Without prime town centre office space, there is a genuine risk that jobs for local people and future employment opportunities could be lost.”
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Conrad Hall: a central/local tension is the cause of the financial crisis – not funding
The local government financial crisis has not been caused by a lack of funding: that’s just a symptom of the inherent conflict of having independent local authorities within a highly centralised state, argues Conrad Hall.
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