> STOCKSHOTS: Birmingham, UK's second largest city declares bankruptcy / 33UA4CW
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STOCKSHOTS: Birmingham, UK's second largest city declares bankruptcy / 33UA4CW
Clip ID 2206881
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STOCKSHOTS of Birmingham, the UK's second largest city, as the city's council admits that it cannot balance its books, blaming Conservative governments for years of under-funding. Birmingham City Council in central England said it had issued a Section 114 Notice under the Local Government Finance Act 1988, which blocks spending on all but essential services. IMAGES