Birmingham faces economic collapse amid record bankruptcy filings
Thursday, 2 May 2024
The city of Birmingham, once heralded as a beacon of municipal excellence, now grapples with severe financial distress, leading to drastic public service cuts and asset sales. This crisis emerged after the city declared bankruptcy last September due to its inability to balance its budget, resulting in a "section 114" notice, which is effectively a declaration of bankruptcy for local governments.
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