Birmingham City Council declares bankruptcy after facing USD 950 Million bill to settle equal pay claims
Shortpedia
Content Team
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Birmingham City Council, Europe's largest local authority, has declared effective bankruptcy by issuing a Section 114 notice. This notice restricts all but essential spending aimed at safeguarding core services. Reportedly, the council faces immense financial pressure, primarily linked to settling a £760 million (USD 950 million) equal pay claims bill.
