London councils warn finances on a ‘knife edge’ as more struggle to balance books | Morning Star
https://morningstaronline.co.uk/article/b/london-councils-warn-finances-knife-edge-more-struggle-balance-books
#Councils
#CouncilFinances
#London
#Overspent
#Section114
#SocialCare
#Hunt
#DeptForLevellingUpHousingAndCommunities
It seems that #Hampshire county council might be considering #Section114
https://www.theguardian.com/society/2022/nov/14/two-tory-run-councils-warns-pm-of-possible-bankruptcy
“Against the core funding of £16million available in the 2023/24 financial year, the council faces a deficit of £1.2billion.”
https://www.wokingnewsandmail.co.uk/news/woking-borough-council-goes-bust-with-ps2bn-debts-619076
#Woking #UK #Government #council #Section114 #Conservatives #Tories
#Woking Borough Council issues section 114 notice 'in response to the severe financial challenges faced by the authority.'
Until recently, Woking was #Conservative controlled and embarked on a massive redevelopment of the town centre - the new administration has tried to delay some developments since they took control to control costs
Woking Borough Council’s Section 151 Officer and Interim Director of Finance has today (Wednesday 7 June 2023) issued a Section 114 Notice under the Local Government Act 1988 in response to the unprecedented financial challenges facing the Council.The Notice is required because the expenditure of the Council is set to exceed the financial resources available, and therefore it
Oh #Croydon . . . 😔 #Section114 #troubledtimes
Croydon Council has said it will not be able to balance its books next year without extra help from Government because the ongoing impact of historic financial mismanagement has left the authority financially and operationally unsustainable. The borough’s new Executive Mayor Jason Perry has written to Secretary of State Michael Gove setting out the need for
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Binkiemma
Peter Sullivan
Jon PENNYCOOK
Kieran
Phil Swallow