UK’s largest council issues section 114 notice, signalling it cannot balance its budget without help
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Birmingham city council, the largest local authority in the country, has in effect declared itself bankrupt after issuing a section 114 notice signalling it cannot balance its budget without help.
In a statement published on Tuesday, the leader and deputy leader of the Labour-run council, John Cotton and Sharon Thompson, said the notice was “a necessary step as we seek to get our city back on a sound financial footing”.
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