This is the very profitable business of bankrupting UK councils.
Fine Print: Nine UK councils have declared effective bankruptcy since 2018. Over £5 billion in debt. And when I followed the money, I found a pattern: the same companies kept getting paid while your local services collapsed.
One man allegedly bought a private jet, a country estate, and a yacht — all with council tax money. A single IT project went from £19 million to £216 million. Treasury advisers took kickbacks to sell councils toxic loans. And the consultants investigating these failures? Often the same firms that helped create them.
This is the very profitable business of bankrupting UK councils.
The nine councils that declared bankruptcy: Northamptonshire (2018), Croydon (2020, 2021, 2022), Slough (2021), Thurrock (2022), Woking (2023), Birmingham (2023), Nottingham (2023). Combined debt: Over £5 billion Council jobs lost since 2012: 600,000+ Councils expecting bankruptcy in next 5 years: 50%
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