Nottingham City Council has issued a section 114 notice, effectively declaring
bankruptcy, with a projected £23 million hole in the budget this year and a
shortfall of £50.9 million next.
The main cause of the council’s crisis is massive central government
underfunding since 2010, amounting to £100 million every year since 2013.
Rather than fight the Government for more money the council attempted to
cover the shortfalls by a failed commercialisation strategy that cost millions.
Please see further details of the Lobby Lobby – 18 December 23