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Old 14-12-2023, 11:32 AM #1
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arista arista is offline
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Join Date: May 2006
Posts: 166,678
arista arista is offline
Senior Member
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Join Date: May 2006
Posts: 166,678
Default Labour Nottingham City Council :section 114: now Bankrupt

[Commissioners could be brought in to
intervene in the running of "bankrupt"
Nottingham City Council,
the government has said.

The move would remove power from the
elected councillors and place it in the
hands of a board of officials.
It comes as the Labour-run council's
chief finance officer issued a section 114 notice
over a £23m in-year budget gap.
It has until 2 January to make its case.

Caps on new spending at the
city council have been applied and would remain
in place until 2025, according to the
Local Democracy Reporting Service.
In addition a report, published ahead of an
executive board meeting on 19 December,
further revealed the council was facing
a £53m gap in its budget for
the next financial year.
In response, the council proposed a raft of new
cuts to services, as well as the
loss of 554 jobs.
Minister for local government,
Simon Hoare, confirmed on Wednesday
improvements are
"not being made quickly enough"]

https://www.bbc.co.uk/news/uk-englan...shire-67704025
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