Another UK city effectively declares bankruptcyNottingham has joined Birmingham in announcing upcoming insolvency
Nottingham City Council announced it has a huge budget gap and is unable to balance the books for the 2023-24 financial year. The authority issued a section 114 notice, meaning it will shut down all new spending, with the exception of funding for vulnerable groups and for statutory services such as social care and waste collections.
Nottingham is reportedly headed for a £23 million ($29.1 million) budget overspend this year. The city council said a recent surge in social care demands for children and adults, rising homelessness, and persistently high inflation are putting additional strain on the budget.
Баш им цветају руже, аутошовинисти кажу једини прави пут је Запад то јест у амбис.