This article was originally published on 19 December. It has been republished following the news today (29 November 2023) that Nottingham council has issued a Section 114 notice, effectively declaring itself bankrupt.
Today Nottingham City Council declared bankruptcy, becoming the latest local authority to issue a Section 114 notice. It follows on from Labour-led Birmingham council declaring bankruptcy and Conservative-led Croydon council in south London declaring bankruptcy three times in two years, Thurrock in Essex becoming the largest bankruptcy in local government history last year, and a string of others including Slough…
Read the full article at: https://www.newstatesman.com/spotlight/economic-growth/regional-development/2023/11/nottingham-city-council-bankruptcy-explained