{"id":118184,"date":"2023-09-05T16:01:36","date_gmt":"2023-09-05T16:01:36","guid":{"rendered":"https:\/\/yourclomid.com\/?p=118184"},"modified":"2023-09-05T16:01:36","modified_gmt":"2023-09-05T16:01:36","slug":"humiliation-for-labour-led-council-as-it-declares-itself-effectively-bankrupt","status":"publish","type":"post","link":"https:\/\/yourclomid.com\/politics\/humiliation-for-labour-led-council-as-it-declares-itself-effectively-bankrupt\/","title":{"rendered":"Humiliation for Labour-led council as it declares itself ‘effectively bankrupt’"},"content":{"rendered":"

<\/p>\n

Labour-led Birmingham City Council has declared itself effectively bankrupt.<\/p>\n

The local authority has issued a Section 114 notice preventing all but essential spending to protect core services.<\/p>\n

In a joint statement, the council’s leader John Cotton and deputy leader Sharon Thompson said it was a “necessary step as we seek to get our city back on a sound financial footing”.<\/p>\n

The statement said: “The council will tighten the spend controls already in place and put them in the hands of the Section 151 Officer to ensure there is complete grip.<\/p>\n

“The notice means all new spending, with the exception of protecting vulnerable people and statutory services, must stop immediately.<\/p>\n

“The council’s senior officers and members are committed to dealing with the financial situation and when more information is available it will be shared.”<\/p>\n

Tory opposition leader Robert Alden said the council had “failed to show the proper speed and urgency needed to tackle equal pay”.<\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Labour-led Birmingham City Council has declared itself effectively bankrupt. 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