UK's Second Biggest City Declares Financial Distress

Birmingham City Council has issued a Section 114 Notice, blocking spending on all but essential services, due to years of under-funding by Conservative governments, creating a financial crisis for the city.

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9/9/2023

Birmingham Declares Bankruptcy Due to Equal Pay Disputes and Overspending

The Birmingham City Council in England has declared itself bankrupt due to financial difficulties, with the main causes being equal pay claims and excessive spending on projects such as an IT system and the Commonwealth Games bid. The council has issued a Section 114 notice, halting all but essential spending. The Conservative government has refused to provide further funding, stating that it's the responsibility of local councils to manage their own budgets.