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Birmingham says it can cope with £2bn debt

Birmingham City Council has played down concerns over its ability to cope with rising debt levels,

Birmingham City Council has played down concerns over its ability to cope with rising debt levels after the authority revealed it was £2bn in the red at the end of the last financial year.

The council's finance scrutiny committee heard last week its rising debt level means the authority could pay £270m a year in repayments by 2013/14.

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