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Evening Standard

World

Tamara Davison and Rachael Davies

Why is Nottingham City Council effectively bankrupt, and what does Section 114 mean?

Council Birmingham United Kingdom Birmingham City Council

Nottingham City Council was the latest local authority to effectively declare bankruptcy on November 29, 2023.

The council filed a Section 114 notice in response to a predicted £23 million in-year budget overspend.

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