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Chat Berakking : Birmingham city council bankrupt!

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keybearer
post Sep 7 2023, 07:17 PM

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QUOTE(Chowda @ Sep 7 2023, 08:11 PM)
A city council can go bankrupt? That is a thing?

Why Kelatan's City Council able to avoid this?
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Because PAS run state is better than Birmingham's, kekwa.

Probably too much tongkat recipient but not enough tongkat producer. I think another article mentioned the fundings they've been receiving from the government all this while got slashed alot recently, so much that they themselves could not cover their expenditures.

They're probably not the only city council who got their fundings cut, expect more to come?
keybearer
post Sep 7 2023, 07:50 PM

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QUOTE(mystalyzer @ Sep 7 2023, 08:44 PM)
anyway, bankrupt council means what? people don't get benefits anymore ? biggrin.gif
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That's nothing. Sewage not getting cleaned, trash not collected, cleaning not done, street lights not replaced, potholes not repaired, etc. Sounds like the birthplace of a new epidemic.

Provided they serve the same function as here, I'm just assuming though.
keybearer
post Sep 7 2023, 08:09 PM

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QUOTE(mystalyzer @ Sep 7 2023, 08:54 PM)
many councils have gone bankrupt before apparently, so Birmingham isn't the first.

https://www.standard.co.uk/news/uk/uk-counc...m-b1105266.html
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The timing is horrible though, those other city councils may have had some hiccups but atleast a good general economic outlook means the nation can redirect funding from elsewhere.

Present day economic outlook being as bleak as it is, Birmingham might not receive the needed aids as it's a 'every man for himself' kind of situation today. Technically they won't 'bankrupt' bungkus tikar as a normal bankruptcy would suggest, but they're gonna take a long long time to recover most like.

As mentioned, they also might be the first among the many to come. Unironically the brits will need to pull off some extreme austerity measure to level off their predicament. Brits could even be 3rd world country standard after this, kek.

 

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