Labour Slough Council Declare Bankruptcy : Section 114
 

[Slough council has issued a section 114 notice,
declaring itself bankrupt.
The notice means any new spending
will be banned and declares the
local authority doesn’t have enough
funds to deliver or balance its budget.
A Labour council, a LABOUR council…

To quote Kinnock, the council’s spending
decisions now mean they’re playing politics
with people’s jobs, people’s services.
The borough council can no longer
spend any money except on
statutory services.
For anyone hoping to blame the pandemic,
the council’s coffers had already
fallen by £7.5 million to just £500,000 by 2018/19…]

https://twitter.com/BBCPolitics/stat...69303034257408

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Sign Of The Times