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Fears grow for UK councils after second city declares insolvency

Local government bodies on Tuesday warned that more councils across the UK could declare themselves in financial dire straits, after the country's second biggest city said it could not balance its books.SIGOMA, a grouping of 47 urban councils within the Local Government Association (LGA), last week warned that one in 10 of its members were considering making the statutory admission that they have no prospect of balancing their books. ....

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