Birmingham City Council declares itself effectively bankrupt

Because of its predicament, it added, the council’s interim director of finance, Fiona Greenway, had issued the Section 114 notice, which confirmed there were insufficient resources to meet the equal pay expenditure and there were no other means of meeting the liability.

Source link: https://www.bbc.co.uk/news/uk-england-birmingham-66715441?at_medium=RSS&at_campaign=KARANGA

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