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  • Revealed: London boroughs on brink of bankruptcy beg ministers for £500m and long term crisis solution

Revealed: London boroughs on brink of bankruptcy beg ministers for £500m and long term crisis solution

More and more London boroughs are warning they will face bankruptcy without a huge injection of cash and long term change in the way they are funded, with seven councils applying for emergency Government money to balance the books this year, up from two in 2024.