“Woking council has laid out a drastic package of cuts to local services after it in effect declared itself bankrupt this summer, revealing a £1.2bn deficit racked up from a risky investment spree overseen by its former Conservative administration.”

Ah, the party of fiscal responsibility strikes again!

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.

Maybe Stop throwing away money on the burn pit?