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Evening Standard

World

Rachael Burford

Bankrupt Croydon Council faces new £19m finance black hole

Croydon Council Croydon Black Hole

Croydon Council needed a £120m Government bailout in 2021 to keep operating
(Picture: Getty Images)

A London council forced to declare bankruptcy less than two years ago is now facing a £19 million black hole in its budget this financial year.

Croydon received a taxpayer-funded Government bailout worth more than £120million in 2021.

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