Birmingham Declares Bankruptcy Due to Equal Pay Disputes and Overspending

Birmingham City Council declared bankruptcy on September 5th, issuing a Section 114 notice due to lack of funds.
It is the second largest city in the UK to declare bankruptcy after ongoing equal pay disputes.
The council spends beyond its means on projects like the Commonwealth Games.
Inflation, adult social care costs and reduced business taxes have also contributed.
The bankruptcy means all non-essential spending must stop, with only core services protected.

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Posted 9/9/2023, 9:37:54 AM