EXCLUSIVE: A source with close ties to Hillingdon Council said the authority’s “budget is no longer lawful”
A source with detailed knowledge of Hillingdon Council’s finance department has told the Local Democracy Reporting Service (LDRS) that the local authority is already bankrupt.
The source claims the council is simply delaying the inevitability of declaring bankruptcy in hope of a government bailout after the delayed publishing of their accounts on Monday (September 22). Councils technically can’t go bankrupt but issuing a Section 114 Notice is effectively declaring bankruptcy because it means it cannot…