One year ago, Nottingham City Council confirmed the news that many had been expecting for some time – that it had effectively gone bankrupt.
The Labour-run council joined a growing list of local authorities that have issued a section 114 notice, an acknowledgement that it could not deliver a balanced budget.
With cuts to jobs and services, a change in leadership and more uncertainty on the horizon, much has changed.
What happened a year ago?
On 29 November 2023, the section 114 notice was issued by the council’s then chief finance officer, Ross Brown.
It was the formal declaration that, in his professional view, the council was unable to set a balanced budget for the 2023-24…