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Evening Standard
Evening Standard
World
Rachael Burford

London borough warns it faces bankruptcy over housing costs as government announces building programme

London Newham Michael Lyons

An east London borough has warned it is hurtling towards bankruptcy over spiralling homelessness and private rental costs.

Newham town hall is facing “considerable financial pressures” because of its temporary accommodation bill for homeless families and without support it “could face an unprecedented budget gap of £175 million” by 2026.

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