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Radio Leicester,5 mins

City council avoids effective bankruptcy

Available for over a year

Leicester City Council can now balance its books for the next three years, the city's mayor said. However, Sir Peter Soulsby warns the authority will still have to find £20m in savings every year, which he describes as 'painful'. Cuts to capital spending (money for improving the council's assets) are proposed, as well as selling land and buildings and finding further cuts in service spending. Âé¶¹Éç Leicester political reporter Tim Parker explains what the budget changes mean.

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