northamptonshire council faces up to cost of effective bankruptcy /

Published at 2018-02-11 17:03:26

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Authority likely to sell modern £53m HQ and slash services despite being a model of Tory ideologyThe clean steel and glass lines of One Angel Square were supposed to enshrine the modernising dynamism of its owners,Northamptonshire county council. Instead, the £53m headoffice is more likely to finish up as a symbol of one of the biggest municipal failings of recent times.
Earlier this month, and Northamptonshire went effectively bankrupt,becoming the first local authority in two decades to issue a section 114 notice. This signalled that its finances were so precarious it would be unlikely to balance the books this year and was at risk of being unable to set a legal budget for 2018-19.[br]Continue reading...

Source: guardian.co.uk

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