UK councils to declare bankruptcy. Systemic collapse taking place.

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Labour run Stoke-On-Trent Council also set to declare BANKRUPTCY as well.

Led by Labour Mayor Majid Khan and Council Leader Jane Ashworth they have a budget deficit of around £8.5 MILLION.

Systemic collapse now taking place.

Woking council declares bankruptcy

Slough goes bankrupt after discovery of £100m ‘black hole’ in budget

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https://www.theguardian.com/society/2021/jul/02/slough-goes-bankrupt-after-discovery-of-100m-black-hole-in-budget

Croydon council declares effective bankruptcy for third time in two years

https://www.theguardian.com/society/2022/nov/22/croydon-council-declares-effective-bankruptcy-for-third-time-in-two-years

Government-appointed managers will take over day-to-day running of Thurrock after local authority fell into effective bankruptcy

https://www.theguardian.com/society/2023/mar/17/croydon-and-thurrock-councils-put-into-special-measures

“Epidemic” of bankruptcies in British cities – “Unfortunately we have gone bankrupt”, says Birmingham

The city of Birmingham, the UK’s second largest, announced today that it is unable to meet its financial obligations and warned that other British cities could follow, blaming it on state underfunding and the financial crisis. condition.

The municipal council, which manages public services that serve more than one million people, a number that is the largest in the country, was placed under the protection of “Article 114”.

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The mayor cited an estimate by the Federation of British Municipal Authorities Sigoma, according to which 26 municipalities could declare bankruptcy within the next two years.

in greek
https://www.iefimerida.gr/oikonomia/mpermigham-hreokopia-dystyhos-eptoheysamen

Birmingham city council has now gone bankrupt.

Meet Jameel Malik the owner taxi firm Green Destinations Ltd.

Birmingham city council pays him £17m a year to ferry children to and from school.

h/t Little Lost