[theold]

Birmingham, the second-biggest city in Britain, declared itself bankrupt on Tuesday, sending shockwaves through the city's governance. The Labour-run administration representing the UK's second-largest city issued a 114 notice, putting a stop to all but essential spending and becoming the latest in a string of councils to plunge into financial distress, as per the Guardian.

https://www.ndtv.com/world-news/uks-seco...hy-4373311