🇬🇧 Birmingham (birmingham.gov.uk) city council, the largest local authority in the country, has in effect declared itself bankrupt after issuing a section 114 notice, signalling that it does not have the resources to balance its budget. #city #capitalisation #public #infrastructure #systems #bankrupt #bailout [ https://www.theguardian.com/society/2023/sep/05/birmingham-city-council-financial-distress-budget-section-114 ]