Woking plans to cut funds for care, arts, sports and toilets to plug £1.2bn deficit | Austerity

Council lays out drastic package of cuts, including to playgrounds and community schemes, in measures described as ‘horrendous’

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Problem is with the lack of council funding and the deregulation of Council investment it has created a stupidly risky situation where councils tried to invest money to cover the central shortfall and got completely wrecked by the poor market.