All the updated news related to section 114

All the news related to section 114 updated in real time

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Councils to receive £500m emergency bailout to avert cash crisis

Councils are set to receive an emergency bailout from the Government following recent warnings of further bankruptcies. The PA news agency understands a ministerial statement due to be made this afternoon will confirm upper tier councils will be ...

24 Jan 2024 at 13:41

City council’s financial issues ‘deeply disturbing’, West Midlands Mayor says

Birmingham “deserves so much better”, West Midlands Mayor Andy Street has said, after the city council declared it was effectively bankrupt due to a £760 million bill for equal pay claims. Europe’s largest local authority announced on Tuesday ...

05 Sept 2023 at 16:19

What is happening to local government finances and why are councils struggling?

Birmingham City Council has become the latest local authorities to declare effective bankruptcy. Communities Secretary Michael Gove confirmed on Tuesday that he will appoint commissioners to oversee the day-to-day running of the West ...

19 Sept 2023 at 15:29

County councils ‘running out of road’ to stop insolvency due to £4bn funding gap

England’s largest councils are “running out of road” with almost half saying they are unsure if they can balance their budgets next year. The County Councils Network (CCN) warned on Wednesday that England’s 41 county and unitary ...

01 Nov 2023 at 10:23

Labour councils struggling due to party’s ‘financial mismanagement’, Sunak says

The Prime Minister has said “working people are paying the price” for Labour councils’ “financial mismanagement” after Nottingham City Council said it faced a £23 million in-year budget gap. Rishi Sunak spoke days after the ...

17 Nov 2023 at 12:25

Nottingham City Council issues Section 114 notice over £23m budget deficit

Nottingham City Council has become the latest local authority to issue a Section 114 notice, blaming its financial problems on real-terms cuts in Government funding and rising demand for services. The authority said the ...

29 Nov 2023 at 16:24

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