29/10/2026
📜What yesterday's Budget means for West Surrey 📜
I believe yesterday's Budget was a missed opportunity for Surrey and beyond the mayoral devolution deal, it offered little for residents.
We know that Surrey’s economy generates over £50 billion a year. The whole reason for a mayoral deal? it could unlock growth, better jobs and greater control over transport, skills and investment. I strongly feel we must now grasp this opportunity now and work to secure the best possible deal for our county.
This is all set in the context of the “Fair Funding” Review - which is far from fair for Surrey. The county is set to lose over £180 million over the next 3 years, around 14% of its net budget, placing growing pressure on residents and services.
The Government has committed £500 million towards Woking’s debt. West Surrey’s Liberal Democrat administration has yet to set out how it will address the wider inherited financial challenges inherited from predecessor councils. West Surrey Conservative Council Group will be scrutinising the detail as soon as we receive any ahead of West Surrey's first budget
I find the reluctance of West Surrey’s Liberal Democrat Leader, Paul Follows, to engage with this rather baffling, particularly when his counterpart in East Surrey has been more positive about what devolution could bring. Why is Councillor Follows so reticent? We have to wonder whether internal Liberal Democrat politics is shaping his position. As Conservatives, we will push hard for the best possible mayoral deal to drive growth and better prospects for Surrey residents.
On welfare reform, the Budget feels like a cop-out. The Budget offers more reviews and more promises to consider, but no plan to get people who can work back into work. Support for those who genuinely need it must be protected. But every person who can work should be helped into a job, not left on benefits by a system that has given up on them.
Surrey's young people who are not in education, employment or training also need a route into work. Surrey has one of the strongest economies in the country, yet almost 1,400 of our 16–17-year-olds are either not in education, employment or training, or have an unknown participation status. While Surrey performs better than the national average, this budget failed to put in place mechanisms to get young people into work.
On energy, the ÂŁ100 payment is welcome but limited as it is restricted to households in council tax bands A to D.
Relief for qualifying pubs and live music venues will rise from 15% to 35% from April 2027. That is a little help, but Surrey businesses need lasting confidence to invest and employ people. What these announcements mean for actual bills will be the real test.
Savers and landlords face higher taxes too. From April 2027, savings and property income tax rates will rise by two percentage points, to 24%, 44% and 49% depending on the tax band. That will affect residents saving for the future or relying on rental income in retirement, and it risks adding pressure on rents.
Surrey - especially West Surrey - faces significant challenges in the months and years ahead, and this budget has done little to ease them. Nevertheless, we must remain ambitious. Surrey has the economic strength and talent to lead the country in growth, and we must ensure it has the powers, infrastructure and financial stability to fulfil that potential.
Councillor Jane Austin
West Surrey Conservative Council Group
West Surrey Conservatives
The government says it is in the "final stages" of agreeing on an elected mayor in Surrey.