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Evening Standard

World

Jacob Phillips

Havering Council on 'brink of bankruptcy' after being 'shortchanged' by Government

Havering Council Havering Ocean

Havering Council has warned it is on the brink of bankruptcy after being "shortchanged" by the Government.

Council leader Ray Morgon warned on Wednesday that Havering is reaching the point where it has no choice but to push ahead with a Section 114 notice - effectively declaring it bankrupt - or apply for a substantial loan from the Government.

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