#Britain’s second-largest city effectively declares itself bankrupt amid $950 million equal pay claims.

#Birmingham City Council, which provides services for more than one million people, filed a Section 114 notice on Tuesday, halting all spending except on essential services.

#UK #Capitalism #Brexit #Economy
🔗 https://edition.cnn.com/2023/09/05/economy/birmingham-council-bankrupt-uk-gbr-intl/index.html