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December 26, 2024
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Finance

Tories wreck lives as 40 councils on brink of financial collapse – is yours on list?


Nearly 14 years of Tory cuts have pushed a growing number of local councils onto the brink of collapse, an expert reveals.

And with 40 now at risk of joining the seven already made bankrupt, Dr Jonathan Carr-West said more ordinary people will start to feel the crippling effects of slashing vital services. The Mirror can today reveal a black hole of at least £1billion in council budgets.




Local Government ­Information Unit head Dr Carr-West warned No10’s £500million emergency funding announced last week will not be enough to stop a string of councils going bust under Section 114 notices.

He told how desperate town hall chiefs have never been so worried about the future of the services they provide, ­especially for the ­vulnerable in society. Care homes, buses, libraries, bin ­collections, street sweeping and lights face cuts as ­councils are further squeezed.

Last month Bradford Council said it would have to issue a Section 114 notice without “exceptional” government help(Alamy Stock Photo)

Dr Carr-West said: “The councils that are warning they might have to issue a Section 114 notice is just the tip of the iceberg. There are a whole bunch who think they are in serious risk of issuing a 114 but they haven’t made it public.

“When I talk to council leaders they consistently tell me this is the worst it’s ever been, that they are more worried than they’ve ever been. There’s a fairly familiar story that central government funding has been reduced by nearly 50% overall, but for some councils that is even around 90%.

“And the funding that does come is more short-term and less predictable. A lot is from the levelling up fund which councils bid for, so they don’t know year on year what they’ll get.

“If you live in an area that has not issued a 114, that doesn’t meant that everything’s fine, because many of those councils are still cutting to try to desperately stave off bankruptcy.



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