Politics UK
The Council Bankruptcy Problem Explained
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Councils across the UK are struggling with funding issues, as regions tighten budgets and attempt to cut services. So in this video we unpack why councils are struggling so much, and what’s really going on with Britain’s council crisis.
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As oil drilling moves closer to reality, we explore how it could transform the Falkland Islands’ economy, politics, and long-running sovereignty dispute with Argentina.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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SOURCES
FT Argentina Angered By Prospect of Oil Boom in Falklands
https://www.ft.com/content/ce25f41d-49e2-42e3-956e-dab0de9301e4?syn-25a6b1a6=1
The Times Drilling to go Ahead at Sea Lion Oilfield
https://www.thetimes.com/business/companies-markets/article/drilling-confirmed-sea-lion-oil-field-rockhopper-falklands-5nz8npwpw
The Times Falkland Islands $4bn Oil Bonanza
https://www.thetimes.com/business/economics/article/falkland-islands-4bn-boost-oilfield-go-ahead-6crtkvqzk
Yahoo Finance The Falklands are Turning into a Mini Dubai
https://finance.yahoo.com/economy/articles/falklands-quietly-turning-next-dubai-180437990.html
BBC News Quick Guide: The Falklands Economy
http://news.bbc.co.uk/nol/shared/spl/hi/picture_gallery/07/in_pictures_the_falklands_economy/print.stm
0:00 How the Falklands are Becoming a Petrostate
7:07 Sponsor
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The UK government recently released a green paper outlining plans that could fundamentally change the way YouTube works in the UK – favouring public service broadcasters (like the BBC) and potentially killing independent creators (like us).
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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In this video, we’re going to have a look into the Clacton by-election, why the other parties have stood down, what Farage’s plan is, and why it seems like it may have already backfired.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
SOURCES
Telegraph Farage By-Election Gamble Turns to Farce
https://www.telegraph.co.uk/politics/2026/07/07/farage-resigns-but-by-election-gamble-turns-to-farce/
BBC News Farage’s Political Rivals Rule Out Standing in Clacton
https://www.bbc.co.uk/news/articles/cjdg4y3g0z7o
The Guardian Political Rivals Vow to Boycott By-Election
https://www.theguardian.com/politics/2026/jul/07/nigel-farage-quits-as-mp-amid-scrunity-over-finances-clacton-reform
Politics Home Labour and Tories Refuse to Field Candidates
https://www.politicshome.com/news/article/labour-tories-refuse-stand-candidates-clacton-byelection
Politico Badenoch Says Farage Cracking Under the Pressure
https://www.politico.eu/article/kemi-badenoch-nigel-farage-pressure-by-election/
0:00 Nigel Farage vs Count Binface: The Clacton By-Election Explained
6:47 Sponsor
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It seems pretty much a certainty that Andy Burnham will be the next British prime minister. Exactly when it happens depends on a few factors. We outline some of the reasons an early general election is likely.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@dannylake6548
December 18, 2023 at 3:10 am
the councils are going bankrupt as they are that many idiots running them they dont know what they are doing MORE GOVERNMENT PAID CLOWNS HAVE DESTROYED INDUSTRY AND FARMING THE COUNTRY IS ON ITS ARSE
@napoleonibonaparte7198
December 18, 2023 at 3:10 am
TLDR: Lord Cameron.
@kayulai2
December 18, 2023 at 3:10 am
It is pretty clear government/management grade people are expert of nothing, that why they make so many obvious mistakes. e.g. IT systems. Nowadays, IT systems are developed by splitting into many small usable sub systems, so that you can pay very little to know if the system could be success or not in extremely short time. The Online Safety Bill and Crypto Tax are also showing how government pretending to be an expert of something they completely don't know.
@dkbros1592
December 18, 2023 at 3:10 am
Systems of corruption lol 😂
@garethjohnstone9282
December 18, 2023 at 3:10 am
A Councillor working at Rossendale council, told me recently that they don't even have the money to pay the people who empty the bins. A basic service.
Quite worrying.
@russmartin4888
December 18, 2023 at 3:10 am
We need to take back our bank of England from the rothschild family and print our own debt free promissory notes and use the money we paid them on public needs rather than there's
@jim-es8qk
December 18, 2023 at 3:10 am
Islington Council lost 8 million pound in one month due to lost income during lockdowns(business rates, council taxes, parking charges ect all disappeared) 8 million a month over the two years of lockdown is nearly 200 million pounds of lost income.
@geminienigma4421
December 18, 2023 at 3:10 am
In my council in Huddersfield. They money was rob by the labour run council. Torys would do alot worst 😅😅😅
@perfectjaffa
December 18, 2023 at 3:10 am
So the Tories made all the councils go bankrupt? Then the councils have to sell there property's to private companies. Hmmm fishy
@riveness
December 18, 2023 at 3:10 am
Tory cuts
@fredfred2363
December 18, 2023 at 3:10 am
So long as councils employ staff that are the cheapest and least educated, they'll always struggle.
Council workers general attitude is "it's not my money so I don't care how much it costs the council".
Perhaps it's a way of levelling up. The wealthy fund the stupid poor who'll never have the ability to improve their own lives.
@topcat807
December 18, 2023 at 3:10 am
People should not be made to suffer due to reckless incompetent councils. Any council that declares bankruptcy should automatically be removed and local elections held without those councillors being part of it. Then whoever get voted for should be given the money they need. I dont get how the government can allow people in this country to suffer, to have services cut, to having spending stopped etc, virtually allowing entire uk cities to go down the toilet yet are then happy to send billions of pounds abroad.
@user-vt9pn1nt2p
December 18, 2023 at 3:10 am
BAN THE COUNCIL FROM OWNING ANYTHING. They should stick to providing services. Anything that they own is stolen private property.
@noahway13
December 18, 2023 at 3:10 am
This sounds exactly what China is going through.
@Username18981
December 18, 2023 at 3:10 am
Counclis have been trashy neighborhood dictators. They can go
@peteradshead2383
December 18, 2023 at 3:10 am
£46.5 billion to £28 billion , but we are spending £30 billion on 5 star hotels for immigrants , I wonder if we didn't need to do that where that £30 billion would go ?.
@hayzee4429
December 18, 2023 at 3:10 am
And not one in Scotland. Seems your English Tory Labour and Lib Dems are making an absolute erse of things down there.
@David-fj5lz
December 18, 2023 at 3:10 am
The cost of dingy-divers no doubt
@nunyabuziness9622
December 18, 2023 at 3:10 am
It's very simple, you can have free services or open borders, not both, when a huge surge of people enter wanting services the money has to come from somewhere. And when you have a pot of money that more people are taking out than putting in, it runs out.
@paayoub
December 18, 2023 at 3:10 am
Start reclaiming your high stress with better business policies, easy parking and minimal obstructions with traffic rules etc etc
@segevstormlord3713
December 18, 2023 at 3:10 am
Sounds like the central government is mandating council spending while denying them the funds to meet that requirement. Perhaps the solution is to make the central government cover services it mandates, or to cease mandating the services it won't cover. I am all for frugality in government spending; I would, were anyone to ask me, recommend cutting those mandatory services and encouraging those who support them to find charities that perform them and send the money they are no longer taxed to cover them to those charities. Or even more, if they believe taxes should be higher to cover them.
@fonfreeze6380
December 18, 2023 at 3:10 am
some councils playing dirty games. Without warning stopped sending parking renewal letters, tons of people got tickets, in some councils free parking almost do not exist. Schools are closing cos of lack of funding. milking at every single step. Im not sure what to do, in last few years my savings just disappearing, every single bill has increased a LOT. VET bills are just UNREAL, car repairs are unreal priced also. One of the councils lost 500 million or smth to scam, how they get that money back? Rise council tax, noone seems like wil be responsible for it. Dont look positive
@nickrails
December 18, 2023 at 3:10 am
Worked in child protection in one of the UKs largest local authorities for over 10 years. When austerity really kicked in and central funding was massively cut there was a brutal cull of staff, as outside of statutory services staffing is one of the biggest costs of any council. Lots of social workers and support staff were let go. Our Childrens Social Care subsequently failed an Ofsted inspection, and like a huge number of other councils the government was forced to give us a grant to employ agency social workers from a private company to deal with backlogs and ensure we could meet our statutory obligations.
These agency SWs cost the council approx 30% more than those directly employed by the authority, money that was coming out of taxpayers pockets and going to a private for profit company. Very very stupid. The cuts have been counterproductive in both greatly damaging the safeguarding services for the most vulnerable, and the whole money saving principle of the cuts in the first place.
Staff retention remains a problem years later as SW caseloads are over twice the recommended level.