Birmingham City Council effectively declares bankruptcy after being hit by £760m bill
Birmingham City Council has formally declared itself in financial distress - confirming in a statement that all new spending, with the exception of protecting vulnerable people and statutory services, must stop immediately.
It's OK. The UK taxpayers will bail them out.
https://www.theguardian.com/society/2023/aug/28/at-least-26-english-councils-at-risk-of-bankruptcy-in-next-two-years
This is my area of the country.
Birmingham City Council has been on the ropes for years.
I'm not sure how it will affect the people I know who work for that council though.
I just read that another 23 councils are at risk too
Is this also happening in the US?
Roths to the rescue!