Section 114 Notice:

• Issued by the chief financial officer (or Section 151 officer) of a British public body to prevent any new spending, other than statutory services.

• Comes from Section 114 (3) of the Local Government Finance Act 1988.

• When issued, it is seen as the local authority effectively going bankrupt, although local authorities in the United Kingdom cannot go bankrupt.

• More detailed explaination on Wikipedia: https://en.wikipedia.org/wiki/Section_114_notice

• Definition explained here: https://committees.oldham.gov.uk/documents/s100111/Appendix%201%20s114%20Notice%20definition.pdf

Critieria For "Yes" At Resolve:

• If any local authority in the United Kingdom issues a Section 114 notice from 06/09/2023 (after Birmingham City Council issued its first Section 114 notice) until on or before 23:59:59 01/01/2025 Greenwich Mean Time.

Critieria For "No" At Resolve:

• If no local authority in the United Kingdom issues a Section 114 notice from 06/09/2023 (after Birmingham City Council issued its first Section 114 notice) until on or before 23:59:59 01/01/2025 Greenwich Mean Time.

Additional Notes:

• Since Section 114 might mean different things in the different countries of the United Kingdom, to clarify, this question only applies to Section 114 (3) of the Local Government Finance Act 1988 and not any other Section 114s.

• For further reference and confirmation, I will resolve as "Yes" if the local authority appears on the Section 114 notice Wikipedia page (https://en.wikipedia.org/wiki/Section_114_notice) saying it has issued a Section 114 notice.

British Local Authorities That Have Issued Section 114 Notices (Source: Wikipedia):

1. 2000: Hackney London Borough Council

2. 2018: Northamptonshire County Council x2

3. 2020: Croydon London Borough Council

4. 2021: Slough Borough Council

5. 2022: Thurrock Council & Croydon London Borough Council

6. 2023: Woking Borough Council & Birmingham City Council

Fairness/Neutrality Disclaimer:

• For the minimisation of conflict of interests, the creator of this question (@UnlockedCPU) will not be trading nor be holding any positions on this specific question for as long as it remains unresolved.

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