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Nottingham City Council 'bankrupt'

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From: the.happy.hippy.nntp@ntlworld.invalid (The Happy Hippy)
Newsgroups: uk.current-events.terrorism
Subject: Nottingham City Council 'bankrupt'
Date: Wed, 29 Nov 2023 16:03:36 +0000
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by: The Happy Hippy - Wed, 29 Nov 2023 16:03 UTC

https://www.bbc.co.uk/news/live/uk-england-nottinghamshire-67374024

Welcome to our live coverage of Nottingham City Council, which has declared itself effectively bankrupt.

It means it cannot deliver a balanced budget for this year and will stop spending other than on services it must provide by law.

In a statement, the Labour-run authority said the authority had "sufficient financial resources" to meet current obligations to pay staff and suppliers.

"The council is not bankrupt or insolvent, and has sufficient financial resources to meet all of its current obligations, to continue to pay staff, suppliers and grant recipients in this year."

The authority cited increased demand for children's and adults' social care, rising homelessness and the impact of inflation as putting extra pressure on its finances.

Adana Godden, GMB organiser, said: "Nottingham City Council has fallen victim to the government's neglect of our vital local services.

"The council's funding has been cut by more than 40% since 2010; it's shocking that this government are sitting on the side lines as local communities suffer.

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The Brextremists' dream of an utterly broken Britain continues to materialise.

You dialed 5483.

aus+uk / uk.current-events.terrorism / Nottingham City Council 'bankrupt'

Subject	Author
Nottingham City Council 'bankrupt'	The Happy Hippy