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The city, declared bankruptcy!

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The city, declared bankruptcy!

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On September 5, local time, Birmingham City Council, the second largest city in the United Kingdom, went bankrupt.

The city, declared bankruptcy!

The City of Birmingham will freeze all new spending, with the exception of statutory services such as protecting vulnerable people. The fall of Birmingham City Council is linked to a £760 million (6.84 billion yuan) equal pay claims bill.

The city, declared bankruptcy!

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Source: CCTV News

New Media Editor: Zhang Tingting

Text correction: Wang Haiyan

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