visimoney
TLDR:
Bradford Council has appointed finance specialist Steven Mair to help the authority avoid bankruptcy. Mair, who previously worked with councils in Essex and Berkshire as they faced financial collapse, has been appointed as interim director of finance. Bradford Council has requested £80m ($109.7m) in government assistance this year and £140m in 2024/25 to address its growing financial deficit. Mair’s report highlighted the “unprecedented scale” of the council’s financial challenges.
Bradford Council has brought in a finance expert to help manage its financial situation and avoid going bankrupt. Steven Mair, who has previously assisted councils in Essex and Berkshire as they faced effective bankruptcy, has been appointed as the interim director of finance for Bradford Council. The local authority has asked the government for £80m this year to cover its growing financial deficit, as well as an additional £140m for 2024/25. Mair’s report on Bradford Council’s finances described the situation as being of an “unprecedented scale”.
