Birmingham City Council effectively files for bankruptcy Explainer What happens when a council declares bankruptcy? The council says it has "sufficient financial resources to meet all of its current obligations, to continue to pay staff, suppliers and grant recipients in this year." ...
摘要: Nottingham council is the latest in a succession of local authorities to issue a section 114 notice,which will result in "reductions in service provision", the council's chief executive has said.In an s114 notice issued yesterday, Nottingham city council's chief finance officer forecasted ...
Two years after declaring bankruptcy, Detroit’s fortunes are looking up, as investment and local energy help to revive the city. At the forefront of the recovery were the pioneers behind the coffee shops and restaurants in Corktown, the neighbourhood to the west of the city. Now the regenera...