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In the past year a number of councils have ended up effectively bankrupt. What impact does it have?

United kingdomStanford le hopeRobert grovesAndrew jefferiesLaurence cawleyLeonie vinceIrene mumaLaurence cawley simon dedmanOlinda robertsMention thurrock councilMothers network in thurrockThurrock councilHardie parkResident robert grovesLocal government finance actGillian flack