Stricken Tory county council warns plan is unlikely to prove a financial panacea

Crisis-hit Northamptonshire’s county council and its seven district and borough councils have reluctantly proposed that they be replaced by two unitary authorities, but said it would not be a financial panacea.

The stricken Conservative-run county council, which has a budget shortfall of up to £70m, declared effective bankruptcy in February and the following month an inspector said the current structure should be scrapped.

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