The leader of a council in Cheshire has said he is doing “everything” he can to avoid a notice of financial distress being issued to the authority.
Sam Corcoran, the Labour leader of Cheshire East Council, told Politics North West, that all councillors were working to “make the savings needed” to obviate a section 114 notice.
Other councils, including Birmingham and Nottingham, have issued the notices in recent months, which means an authority is unable to balance its budget and is effectively bankrupt.
Cheshire East Council previously said it was facing an overspend of £13m in the current financial year, while its reserves stand at £14.1m.
