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Sector braced for more s114 notices after third for Croydon

The sector is braced for further section 114 notices after Croydon LBC this week issued its third financial alert since 2020 amid soaring debts.

By Mark Conrad | 22 November 2022

The sector is braced for further section 114 notices after Croydon LBC this week issued its third financial alert since 2020 amid soaring debts.

Croydon's latest s114 has been forced upon it by the authority's historical debt – the south London borough owes some £1.6bn – while interest rates are at long-term highs.

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Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
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