Questions emerging about whether the figures behind the city council’s bankruptcy stack up
city council ended up in a financial crisis, and whether the figures behind its problems actually stack up.– The council’s new IT system, its first major upgrade since 1999, goes live. Councillors say IT staff warned that the system had not been fully tested and there were faults. Issues quickly materialise, but council officers say they are being dealt with.
– The council’s chief finance officer issues a section 114 notice, effectively declaring bankruptcy. The notice states the council’s negative financial position is “because of the cost of providing for equal pay claims”, and goes on to cite the £650m-£760m figure as the reason for issuing the notice.- The government sends in six commissioners to help run the council as part of an intervention programme scheduled to last five years.
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