Category : Search result: local authority debt


Surrey Labour splits over £1.2bn council debt crisis

Exclusive: Labour faces internal division in Surrey as two councils consider breaking away amid government pressure to address catastrophic local authority debt. The political earthquake threatens Starmer's authority in traditional Tory heartlands.

Woking gets £500m bailout in council shake-up

The bankrupt Woking Borough Council secures a massive government rescue package as Surrey County Council takes control of key services in a dramatic local government overhaul.

Woking Council declares bankruptcy with £1.9bn debt

Woking Borough Council faces financial collapse with a staggering £1.9bn deficit, joining a growing list of UK local authorities in crisis. Discover how risky investments and government funding cuts created this perfect storm.

Trump's $7.8 Trillion Debt Bomb Exposes GOP Hypocrisy

Exclusive analysis reveals stunning Republican U-turn on fiscal responsibility as Trump-era policies and pandemic spending drive US debt to unprecedented levels, creating a political minefield for the GOP.

US per capita debt surpasses Greece and Italy

Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.

ATO enlists debt collectors for tax recovery

The Australian Taxation Office has escalated its debt recovery efforts by hiring private debt collectors to pursue billions in outstanding taxes. Learn how this affects taxpayers and what you need to know.

US National Debt Crisis Accelerates at Record Pace

The United States national debt has surged past a terrifying milestone, growing at its fastest pace in history. Experts warn this unprecedented acceleration threatens global economic stability.

Christmas tree arrives amid bin strike fury

A London council faces public outrage after installing a Christmas tree while bin collections remain suspended due to ongoing strike action, sparking accusations of misplaced priorities.

Global Debt to Hit 100% of GDP by 2029 - IMF

The International Monetary Fund issues stark warning as global government debt is projected to reach 100% of GDP within five years, with the UK facing particularly challenging economic headwinds.

Labour warned against local election complacency

Shadow Commons leader Lucy Powell cautions Labour against complacency in upcoming May local elections, warning that writing off contests could prove costly for Starmer's government.

Kent Council declares financial emergency amid budget crisis

Kent County Council faces financial meltdown, proposing unprecedented council tax hikes and sweeping service cuts to avoid effective bankruptcy. Local residents brace for impact as authority warns of 'difficult decisions' ahead.

Labour unveils radical devolution plans for local power

Senior Labour figures Lucy Powell and Bridget Phillipson announce ambitious plans to devolve significant powers from Whitehall to local communities, marking a fundamental restructuring of British governance.

Nottinghamshire Council Reverses Journalist Ban

A Reform UK-led council in Nottinghamshire has reversed its decision to bar local journalists from meetings following widespread criticism and accusations of undermining democracy.

ATO chases decades-old tax debts from Australians

The Australian Taxation Office is aggressively pursuing taxpayers for debts dating back 20+ years, using new powers to recover money many believed was written off. Thousands face unexpected financial shocks.

Tony Blair urges Netanyahu to halt Rafah offensive

Former Prime Minister Tony Blair makes urgent diplomatic intervention, warning Israeli leader that Rafah assault would be mistake and advocating for Palestinian Authority governance in Gaza.

HMRC Chases £1.5bn in Erroneous Covid Grants

New figures reveal HMRC is chasing £1.5bn in overpaid Covid grants, with billions more potentially written off, raising serious questions about government oversight.

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