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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. Unison members reject pay offer
  2. Fresh calls for fiscal devo
  3. Experts weigh in on Tories' failure to end rough sleeping
  4. SIGOMA: Detach business rates from council finance system
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