""If we don't get what we need [in terms of extra government help] then a Section 114 Notice will come in, which is effective bankruptcy. We'd then get administrators come in, in effect - they'd then make a plan for where the money gets spent in Worcestershire. It would be a catastrophe. We're going to have to halt projects that were put into the budget by the previous administration, things that maybe were 'nice to have', but we can't afford them.""
""Worcestershire County Council is facing "effective bankruptcy" its leader has said unless it gets emergency help from central government. Councillor Jo Monk, who leads the Reform UK run local authority, said its finances were "a mess" and raised the prospect of having to issue a Section 114 notice, which acknowledges the council cannot meet its spending commitments. "We are on the verge of bankruptcy and need to make significant changes," she said.""
Worcestershire County Council, led by Reform UK councillor Jo Monk, faces imminent insolvency without emergency central government support and risks issuing a Section 114 notice. The council has already cut £30m of capital spending, cancelling a planned revamp of Redditch Railway Station and some highways improvements. Monk warned that administrators could be appointed to decide spending priorities, which would halt previously budgeted projects and be catastrophic for local plans. Reform deputy leader Richard Tice described the council as in the greatest financial distress among Reform-run councils. Monk blamed the previous Conservative administration for reckless overspending and dodged decisions; opposition Conservatives criticised the current leadership's spending.
Read at www.bbc.com
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