Could my council go bust?

This Is Why

Sky News

Daily News, News, News Commentary

4.0 • 552 Ratings

🗓️ 6 September 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Birmingham City Council, Europe's largest local authority, has effectively declared bankruptcy, confirming in a statement that all new spending except for protecting vulnerable people and statutory services, must stop immediately.

But how does a council go bust?

On the Sky News Daily, Niall Paterson is joined by our politics and business correspondent Mhari Aurora, as well as Iain Murray from the Chartered Institute of Public Finance and Accountancy, who explains how a council can run out of money.

Plus, Sarah Hayward shares her experiences working as part Slough Council's senior leadership team, a role she came into a year after its recovery from bankruptcy.

Producer: Soila Apparicio
Interviews Producer: Melissa Tutesigensi
Promotions Producer: David Chipakupaku
Editor: Philly Beaumont

Transcript

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0:00.0	The M&S Hot Cross Bun range features 12 different varieties.
0:04.3	So there's something for everyone.
0:05.9	The extremely cheesy bun is loaded with cheddar and red lester.
0:09.9	Savory, gorgeous.
0:11.2	The new tiramisu bun, infused with coffee and packed with chocolate chips.
0:16.5	Love all of that.
0:17.4	Or the red velvet filled bun, which you can eat straight out of the packet.
0:21.4	Apparently, that's right up my street.
0:23.3	So, like I said, something for everyone, especially me.
0:26.3	This is not just food.
0:27.7	This is M&S food, selected stores.
0:30.0	A safe trip begins with TRIP.
0:32.8	Take a road trip with your family.
0:34.8	Get there safely.
0:36.5	Do your trip checks
0:37.5	T drop up on island fuel
0:40.5	R rest every two hours to
0:43.2	I inspect your pressure and tread
0:45.8	Trip for the weather ahead
0:48.4	A safe trip begins with TRIP
0:51.4	A safe trip begins with TORI
0:56.0	Think, though the four trip checks before every long journey, National Highways
	...

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