Why are UK councils going bankrupt? | Decomplicated

UK councils have been declaring bankruptcy, with seven local councils issuing Section 114 notices since 2018. The bankruptcies follow extreme budget cuts that have seen services pared back to their bare minimum, meaning local councils struggling to provide adequate social care, transport, education, and housing to their constituents. But how does a local council go bankrupt? What happens to the services that they provide to residents? And what happens when a local council misuses taxpayer’s money? This is Decomplicated. Watch more on Independent TV: Click here to subscribe to The Independent: About The Independent: Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Connect with The Independent: Check out our full video catalog: