UK: Birmingham City Council Declares Bankruptcy After Facing USD 950 Million Bill To Settle Equal Pay Claims

Birmingham City Council, Europe's largest local authority, has declared effective bankruptcy by issuing a Section 114 notice. This notice restricts all but essential spending aimed at safeguarding core services. Reportedly, the council faces immense financial pressure, primarily linked to settling a £760 million (USD 950 million) equal pay claims bill. In a joint statement, the council's leader and deputy leader, both from the Labour Party, emphasised the necessity of this step to restore the city's financial stability. The Section 114 notice signifies significant financial distress, a situation where the council can no longer balance its budget. UK Army Mulls Dropping Century-Old Ranks For Being Too Masculine and To Make Regiments More Inclusive.

Birmingham City Council Effectively Declares Bankruptcy

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