6min chapter

Page 94: The Private Eye Podcast cover image

76: North And South

Page 94: The Private Eye Podcast

CHAPTER

The Paper Trail of Responsibility and Accountability for the Council's Bankruptcy

Michael Gove is considering a request from Mayor Perry to write off 540 million pounds worth of that stonking debt. No government has ever let a council off so much money before. Council leaders up and down the land are saying, you need to have to do it for us as well. So raising council tax by 15% feels like won't touch it. What 0.3 billion pounds on debt? What else could they do? Are there bailouts available? This is the question.

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