This was on BBC1 London Local news
yesterday.
[Croydon Council becomes second council in two decades
to declare bankruptcy
The borough has imposed emergency spending
restrictions under a Section 114
Officials blamed the coronavirus crisis coupled
with 'a decade of austerity'
Last authority to use the order was
Northamptonshire County Council in 2018]
[Hamida Ali, Croydon Council's leader,
said yesterday: 'We need to be honest about the
fact that, for a number of reasons, the council is on
track to spend more than we have.
'The Covid-19 crisis and a decade of austerity
have had a major impact on our finances
but it's clear the council has also made mistakes,
and I am committed to fixing that.']
https://www.dailymail.co.uk/news/art...ronavirus.html