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Councils' debt pile soars to £122bn - equivalent to £1,700 per person - as struggling town halls sell off schools, care homes and sports clubs

Councils' debt pile soars to £122bn - equivalent to £1,700 per person - as struggling town halls sell off schools, care homes and sports clubs

The financial struggles have seen local authorities resort to 'essentially payday loans' through the sale of schools, care homes and sports clubs, one expert said.

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