What is a Section 114 notice?
Under the Local Government Finance Act 1988, if a council's chief financial officer believes the authority cannot meet its expenditure commitments from its income, they have to issue such a notice
They do not need the consent of councillors to do so
Local authorities in the UK cannot go bankrupt but the issuing of the notice is often described as "being effectively bankrupt", meaning they cannot make new spending commitments and must meet within 21 days to discuss next steps
No new expenditure is permitted with the exception of funding statutory services, including safeguarding vulnerable people, but existing commitments and contracts will continue to be honoured
Most councils in such a position pass an amended budget, reducing spending on services Thurrock, Croydon, Slough and Northamptonshire have issued section 114 notices in recent years
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