Birmingham City Council, the UK’s largest local government, filed for bankruptcy on September 5. In this respect knowledgeable On the Birmingham City Council website.
The cause of the bankruptcy, according to officials, was the high cost of paying compensation in the unions’ lawsuit. Traditionally, female workers in female occupations were paid less than men.
The municipality has been paying compensation for the last 10 years. Debt continues to rise by around £5-14m a month, while total debt is already £650-760m. At the same time, the budget deficit for this fiscal year is estimated at £8m.
The municipality stated that it does not have such an important fund. Bankruptcy means the cessation of all payments except social payments to the public. With a population of over one million, Birmingham is the second most populous city in England after London. It is also known as the main location of the Netflix series Peaky Blinders.
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