“Surrey, UK’s richest county, hit by £100m cash crisis”

“Britain’s richest county is facing a £100 million cash crisis as scores of councils struggle to close budget deficits, an investigation has found.

Surrey county council has one of the worst financial shortfalls in the country, according to research seen by The Times. The disclosure came as nearly every part of England warned of tax rises to make ends meet and half of local authorities prepared to cut services for children. Nine out of ten councils will be millions of pounds over budget by the end of the financial year.

Surrey’s woes will alarm Downing Street as it is a solidly Conservative council and the county is represented at Westminster by seven senior government ministers. … “”

Source: The Times (pay wall)