Last week, for the third time in two years, the Conservative-led Croydon council in south London declared bankruptcy. And this week another Conservative-led council, Thurrock in Essex, is in the news after admitting that ill-thought through investments have brought it to the brink of bankruptcy.
This is only the latest in a trend of councils buckling under the impact of spending cuts. Earlier this month, the Tory leaders of Kent and Hampshire county councils wrote to the government warning that they faced bankruptcy without more funding. Since 2010 councils have come under heavy financial pressure as money has been taken out …
Read the full article at: https://www.newstatesman.com/spotlight/regional-development/2022/11/council-declares-bankruptcy-thurrock-croydon