WebCroydon is a large town in South London, England, 9.4 miles (15.1 km) south of Charing Cross. Part of the London Borough of Croydon, a local government district of Greater London. It is one of the largest commercial districts in Greater London, with an extensive shopping district and night-time economy. [2] WebNov 14, 2024 · On Wednesday the Labour-run council in south London announced it had filed a Section 114 notice – effectively declaring bankruptcy – citing “severe ongoing financial challenges”. The notice...
Council forced to issue 3rd bankruptcy notice in just two years
WebNov 23, 2024 · A newly discovered £48 million black hole in its accounts has led Croydon Council to issue a Section 114 Notice - the third since November 2024. The third notice … WebNov 22, 2024 · Chief finance and S151 officer Jane West has today issued a Section 114 notice which acknowledges that the council will not be able to balance its budget in the next financial year. Executive mayor Jason Perry has also written to secretary of state Michael Gove setting out the need for further support. shows in ireland
Council ends section 114 notice – Newsroom
WebDec 3, 2024 · Croydon Council has had to issue a second Section 114 notice and it may not be the last time it is forced to do so. By law, the council has to balance its budget. If it … WebFeb 21, 2024 · Conservative-run Thurrock council was the last authority to declare effective bankruptcy, after issuing a section 114 notice in December as it grappled with a £500m deficit caused by a series... The council’s 151 officer has filed a Section 114 Notice because the council already knows it will be unable to balance its budget in the next financial year (2024/24), which councils are required to do by law. A Section 114 will stop all but essential spending - making sure the council can continue to … See more It means the council has to stop spending, it cannot enter into new agreements which will incur a cost. However, the council can still spend money on: … See more A council meeting will be held to discuss the S114 Notice in the next 21 days. The council has already begun to reduce non-essential spending and this new budget will work harder to … See more There will be no disruption to essential services. The council is issuing this Section 114 now to ensure that we take action to balance our budget and essential services are protected. See more The council has published a range of savings proposals in the cabinet papers. They include some changes to services, as well as plans to … See more shows in italian on netflix