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Available for over a year

Senior staff and the political leadership at Leicester City Council are preparing for effective bankruptcy in little over a year's time. It's now two weeks since Nottingham City Council issued a section 114 notice - declaring it had run out of money and would have to halt most new spending. It's drawn up a list of services that face closure and is preparing to cut around 500 posts. Leicester City Mayor Sir Peter Soulsby has told our Political Reporter Tim Parker our city faces the same situation from April 2025. --- A government Spokesperson has told us that they "have made an extra £5.1 billion of funding available to local authorities in the last financial year worth an additional 9.4% in cash terms to budgets. “Councils are ultimately responsible for the management of their own finances, but we stand ready to talk to any council that is concerned about its financial position.”