Croydon Council has "gone bust" after "running up £1.5 billion in debt," local MP Chris Philp has claimed. The Council issued a Section 114 notice on Wednesday afternoon "due to the severe ongoing ...

A south London council is seeking a £136m bailout from the government after revealing a £35m overspend this year. Croydon Council faces a projected £98m shortfall in its budget for the upcoming ...

Croydon Council is said to be teetering on bankruptcy, with talks on a £25m taxpayer bailout under way as a new £73m shortfall is set to be revealed. The borough received a £120m government ...

Cash-strapped Labour-run Croydon Council has imposed emergency spending restrictions with "immediate effect", the BBC has learned. The Section 114 notice bans all new expenditure at Croydon ...

It is the first time a local authority has issued the notice since Northamptonshire County Council in 2018. Last month Croydon Council was placed under a government review after a damning report ...

Local libraries, a retail park and community hubs may have to be sold off by a south London council after it declared bankruptcy for the third time. Croydon Council said it had to issue a Section ...

Read our privacy notice. Bankrupt Croydon Council has been given special permission by the government to increase council tax by a “staggering” record amount. Residents in the south London ...

Croydon Council is still waiting to hear whether the government will write of half a billion pounds worth of debt as it struggles to get back onto a stable financial footing. Earlier this year ...