Summary of One in four English councils ‘may seek bankruptcy bailout in next two ...

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2024-10-23 15:14:59

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Summary of One in four English councils ‘may seek bankruptcy bailout in next two years’

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One in four English councils ‘may seek bankruptcy bailout in next two years’

Survey finds one in 10 have discussed emergency support with government amid funding gap of over £2bn next yearOne in four English councils could go bankrupt unless they are bailed out by the government in the next two years, a survey has revealed.Councils are warning of a “worsening crisis” that could result in cuts to vital public services amid a funding gap of more than £2bn next year, according to the survey of chief executives conducted by the Local Government Association. Continue reading...

https://www.theguardian.com/society/2024/oct/22/councils-england-bankruptcy-bailouts-local-government-association-survey

The Local Government Association (LGA) has warned that councils are facing a 'worsening crisis' due to a funding gap of over £2bn next year. The LGA is calling on the government to provide a multi-year finance settlement and review the local government funding system to stabilize council finances.

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