This article was originally published on 19 December. It has been republished following the news that Middlesbrough council needs emergency financial help to avoid bankruptcy.
Today Nottingham City Council declared bankruptcy, becoming the latest local authority to issue a Section 114 notice. It follows on from Labour-led Birmingham council declaring bankruptcy and Conservative-led Croydon council in south London declaring bankruptcy three times in two years, Thurrock in Essex becoming the largest bankruptcy in local government history last…
