Shropshire Council leaders have revealed they considered issuing a ‘section 114 notice’ – to effectively declare the authority bankrupt – but decided they could not “throw in the towel”.
Senior councillors made the admission in the wake of Birmingham City Council issuing a 114 notice earlier this week, with several other local authorities also on the brink of financial collapse.
He welcomed a report from finance director James Walton which said the position at the end of the first quarter of 2023/24 was positive, with two-thirds of the planned savings target either already delivered or on track to be delivered. Councillor Butler added: “My firm, determined aim is to continue safe financial control of Shropshire Council.
“I think the opposition leaders may do themselves a favour and retract the statements they have made about Shropshire Council going bankrupt," he said.
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