Bankruptcy Fears As Council Budget Black Hole Widens to Gbp 50m

The Scotsman › July 17, 2008

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Summary

THE financial crisis facing Aberdeen City Council deepened last night as calls intensified for its leaders to quit following revelations that the authority was facing GBP 50 million in budget cuts - almost double the previous estimates.

A confidential report, leaked in advance of tomorrow's meeting of the council's urgent business committee, has disclosed that the savings which must be made in the current financial year total GBP 49.7 million - the equivalent of 15 per cent of the authority's annual budget.

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Bankruptcy Fears As Council Budget Black Hole Widens to Gbp 50m

The report claims that only GBP 10.2 million of savings are guaranteed to be delivered, with uncertainty surrounding GBP ...

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