The Labour-run Slough council, a Berkshire local authority declared a a section 114 notice in July l (bankruptcy) last year 2021 .....
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| Slough Borough Council |
..... as a result of its £760m borrowing debt (much of it channelled into property investment), and a cumulative budget deficit of at least £174m by 2025 - I can't recall a UK local authority going bankrupt before.
