Nottingham has joined Birmingham in announcing upcoming insolvency The UK city of Nottingham, home to folklore legend Robin Hood and birthplace of iconic designer Sir Paul Smith, effectively declared itself bankrupt on Wednesday. In a statement, Nottingham City Council announced it has a huge budget gap and is unable to balance the books for the 2023-24 financial year. The authority issued a section 114 notice, meaning it will shut down all new spending, with the exception of funding for vulnerable groups and for statutory services such as social care and waste collections. According to earlier reports, Nottingham
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