Birmingham City Council, Europe's largest local authority, has effectively declared bankruptcy, confirming in a statement that all new spending except for protecting vulnerable people and statutory services, must stop immediately.
But how does a council go bust?
On the Sky News Daily, Niall Paterson is joined by our politics and business correspondent Mhari Aurora, as well as Iain Murray from the Chartered Institute of Public Finance and Accountancy, who explains how a council can run out of money.
Plus, Sarah Hayward shares her experiences working as part Slough Council's senior leadership team, a role she came into a year after its recovery from bankruptcy.
#birmingham #bankruptcy #skynews
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But how does a council go bust?
On the Sky News Daily, Niall Paterson is joined by our politics and business correspondent Mhari Aurora, as well as Iain Murray from the Chartered Institute of Public Finance and Accountancy, who explains how a council can run out of money.
Plus, Sarah Hayward shares her experiences working as part Slough Council's senior leadership team, a role she came into a year after its recovery from bankruptcy.
#birmingham #bankruptcy #skynews
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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- News
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- birmingham city council, birmingham, birmingham council
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