Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, if he will provide a breakdown of the (a) total and (b) stranded debt levels across the local authorities proposed for inclusion in the West Surrey Unitary Authority.

Local authorities are responsible for their own borrowing and investment decisions and managing their assets. They must comply with statutory duties and guidance to ensure that their capital strategies are prudent, affordable and sustainable. In general, as with previous rounds of local government reorganisation, there is no proposal for council debt to be addressed centrally or written off as part of reorganisation.

The Department does not routinely collect data on the position of authorities’ assets and liabilities, Authorities are required, however, to report their financial position in their Annual Statement of Accounts. Authorities are also required to provide financial returns to Government on a quarterly and annual basis, including information on borrowing and capital financing requirements, and these are published on gov.uk here.

I refer the hon. Member to the Written Ministerial Statement made on 28 October (HCWS998) where we announced our commitment to repay in-principle £500 million of Woking Borough Council’s debt in 2026-27. This is a significant and unprecedented commitment given historic capital practices at the Council. It reflects our acknowledgement that, even after the rationalisation of Woking’s historic assets, there is significant unsupported debt held by the Council that cannot be managed locally. Any support must take into account value for money for the local and national taxpayer and the Council’s continued commitment to reduce debt as far as possible within their local capacity.