The London boroughs that could go bust and what it means for council tax bills A growing number of councils are warning that the skyrocketing cost of providing services is pushing them to the brink of bankruptcy.
However, one town hall is seeking special government permission to increase council tax by a massive 10% in a bid to avoid going bust, while others are expected to follow.
London Councils warned that skyrocketing homelessness in the capital is “pushing boroughs to the brink”, with unsustainable pressure hitting budgets.
Eight English town halls have gone bust since 2018, including Croydon, Woking, Nottingham, Birmingham and Thurrock, and many more are now teetering on the edge.
Four boroughs - Havering, Croydon, Newham and Lambeth, have so far this year revealed requests for emergency Government support in a bid to balance the books.
