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Watchdog head in 'bankruptcy' warning

The head of Parliament’s financial watchdog has warned that ‘a lot’ of councils remained at risk of ‘effectively going bankrupt’ despite another £500m cash injection.

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By Dan Peters | 07 July 2020

The head of Parliament's financial watchdog has warned that ‘a lot' of councils remained at risk of ‘effectively going bankrupt' despite another £500m cash injection.

Communities secretary Robert Jenrick last week announced an unringfenced £500m and will allow council and business rates tax deficits to be repaid over three years instead of the usual one.

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Dan Peters

Popular articles by Dan Peters

  1. Rayner: Prescott was an inspiration to me
  2. New anti-social behaviour powers planned for councils
  3. Commissioners not ruled out despite envoy appointment
  4. Woking's debt hits £2.1bn
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