Birmingham declares bankruptcy on aftermath of US$950 million in equal pay lawsuits ...Middle East

ON Tuesday, the second-largest city in Britain essentially declared bankruptcy by ceasing all non-essential spending after receiving equal pay claims worth up to £760 million (US$954 million).Birmingham City Council recently submitted a Section 114 notice suspending all expenditures save from those for essential services.According to CNN, the shortcoming resulted from difficulty paying equal pay claims totaling between £650 million (about US$816 million) and £760 million (around US$954 million).As a result, for the year 2023-2024, the city now anticipates a deficit of £87 million (US$109 million).According to the UK’s PA Media news agency, the council confronts “long standing issues, includi

Hence then, the article about birmingham declares bankruptcy on aftermath of us 950 million in equal pay lawsuits was published today ( Thursday 07/09/2023 - 09:37 AM ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Birmingham declares bankruptcy on aftermath of US$950 million in equal pay lawsuits )

Also on site :

• General manager position restricted to only Saudis; Qiwa clarifies
• Why is ‘Deuce Bigalow’ rooting for Viktor Orban in Hungary?
• Lady Gaga Pauses Tokyo Concert to Condemn ICE and Support Americans ‘Who Are Being Mercilessly Targeted’: ‘We Need to Get Back to a Place of Safety’