by Eugenio Vaccari | Dec 21, 2024 | Local authorities, Local government, Municipal financial distress, Municipal merger, UK
Dr. Eugenio Vaccari (Senior Lecturer at Royal Holloway, University of London) explores the key proposals and implications of the English Devolution White Paper, published on 16 December 2024. Highlighting the financial pressures faced by local authorities and the lack...
by Eugenio Vaccari | Nov 4, 2024 | Bankruptcy, Insolvency, Local authorities, Local public entities, UK
In English law, local authorities facing financial distress are subject to unique legal requirements aimed at preventing insolvency, contrasting sharply with corporate insolvency procedures. Local councils must legally maintain balanced budgets under the Local...
by Eugenio Vaccari | Oct 28, 2024 | Bankruptcy, Higher Education, Insolvency, News, special administration regime, UK
In light of Labour’s recent victory, the financial stability of UK universities is gaining heightened attention. With inflation driving up costs while tuition fees remain frozen, UK universities are grappling with severe financial challenges, particularly as...
