Title

FINANCE

'Black hole' revealed

The new Labour administration at Birmingham City Council this week claimed its coalition predecessors left a £21m 'black hole'.

The new Labour administration at Birmingham City Council this week claimed its coalition predecessors left a £21m ‘black hole' in the authority's finances – and warned it could find more.

A budget monitoring report to the cabinet says the deficit covers the first two months of the current financial year, and is a legacy of the Conservative-Liberal Democrat alliance that lost control in May 2012.

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