Council of Despair: One in Four Local Authorities Warn of Bankruptcy
Bloomberg UK Politics
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Local Councils on the Brink of Bankruptcy
This chapter discusses the critical financial challenges facing local councils in the UK, marked by section 114 notices indicating potential bankruptcies in cities like Birmingham and Nottingham. Experts outline the need for urgent financial support, as nearly 80 councils may require bailouts to manage their escalating budgetary pressures, especially in social care.
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