Thirty English councils granted exceptional financial support packages
by Patrick Butler Social policy editor from World news | The Guardian on (#6VDRV)
Local authorities can collectively borrow 1.5bn to plug budget gaps caused by underfunding
A record 30 English local authorities have been granted effective bailouts" enabling them to borrow money to avoid bankruptcy, as ministers advised them against selling off prized local assets such as historic buildings, parks and allotments.
The councils, all of whom were considered to have unmanageable debts", were given the green light by ministers to collectively borrow 1.5bn to plug significant budget gaps caused by underfunding and soaring demand for social care and other services.
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