UK May Relax Rules on Council Asset Sales to Avert Bankruptcies; Nottingham city council hits back at Sunak’s ‘letting down residents’ claims

UK government ministers are quietly working on a major loosening of budget rules for local councils, giving them the ability to sell assets to fund front-line services in an effort to stave off a wave of bankruptcies. More from BNN Bloomberg.

Meanwhile, Nottingham city council has hit back at Rishi Sunak after the prime minister accused it of “letting down its residents”, saying austerity cuts by the government led to the council’s insolvency. More from The Guardian.