Birmingham Becomes First Major UK City After A Series Of Small Towns To Go Bankrupt
September 7, 2023 15:28Britain’s second-biggest city Birmingham effectively declared itself bankrupt, expressly curtailing all nonessential spending after being issued with equal pay claims totaling up to £760 million ($954 million). Birmingham City Council, service provider to more than one million people, filed a Section 114 notice, halting all spending except on essential services. The deficit arose due to […]











