The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Uncategorized

U.K.’s second-largest city Birmingham declares itself effectively bankrupt

by TLAteam September 7, 2023September 7, 2023
written by TLAteam September 7, 2023September 7, 2023
U.K.’s second-largest city Birmingham declares itself effectively bankrupt

The local authorities running Britain’s second-largest city, Birmingham, have shifted focus on maintaining vital services as they declared the council effectively bankrupt due to an annual budgetary shortfall of millions of pounds.

Business News

Birmingham City Council, which is run by the Opposition Labour Party and is the largest local authority in Europe comprising over 100 councillors, issued a Section 114 notice on Tuesday to say that all new expenditures with the exception of protecting vulnerable people and statutory services will stop immediately.

The council said the dire financial situation arose as it must fund an “equal pay liability” that has accrued to date in the region of GBP 650 million to GBP 760 million, but it does not have the resources to do so.

“On that basis, the Council’s Interim Director of Finance, Fiona Greenway, has issued a report under section 114(3) of the Local Government Act, which confirms that the Council has insufficient resources to meet the equal pay expenditure and currently does not have any other means of meeting this liability,” the council statement reads.

0 comment
previous post
DCGI Issues Advisory against Digene Gel of Abbott India
next post
Man withdraws money from ATM using UPI in Mumbai. Anand Mahindra shares video

You may also like

Chanda Patel Becomes First Female Filmmaker from the...

June 3, 2025

Airtel and Google partner to offer Google One...

May 20, 2025

AMC rolls out strict policy, for unregistered pet...

May 17, 2025

Admission Deadline Nears, St. Xavier’s Told to Use...

May 16, 2025

Sensex, Nifty Surge as India-Pak Ceasefire Eases Tensions

May 12, 2025

FUNSKOOL LAUNCHES EXCITING NEW TOYS AND GAMES TO...

May 12, 2025

Prakriti Pavani Stuns in Blue Bikini Photoshoot

May 10, 2025

Pakistan targets 20 Indian cities in fresh drone...

May 9, 2025

Trump Urges “Quick De-Escalation” Of India-Pak Conflict: White...

May 9, 2025

Blackout Imposed In Villages Bordering Santalpur Taluka In...

May 9, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Pre-monsoon rains to continue in Gujarat, including Ahmedabad, till June 10

    June 5, 2025
  • GPCB & cycling community rally for environment

    June 5, 2025
  • Mark World Environment Day with green action

    June 5, 2025
  • Woman lures lover to Sabarmati Riverfront, loots ₹6 lakh from him

    June 4, 2025
  • AESL wins Rs-1,660 crore transmission project in Maharashtra

    June 4, 2025
September 2023
MTWTFSS
 123
45678910
11121314151617
18192021222324
252627282930 
« Aug Oct »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.