In October 2018, the local media reported that Wolverhampton City Council's debt was approaching £1bn. That's around £4k for every man woman and child. https://www.expressandstar.com/news/local-hubs/wolverhampton/2018/10/09/wolverhampton-council-set-to-owe-more-than-1bn---watch/ This was updated in July 2019. https://www.expressandstar.com/news/politics/2019/07/30/row-erupts-over-wolverhampton-councils-borrowing-levels/ The issue is not a new one. http://www.bbc.co.uk/news/uk-england-birmingham-25641703 http://www.bbc.co.uk/news/uk-england-birmingham-31751486 https://www.expressandstar.com/news/local-news/2015/12/17/revealed-wolverhampton-councils-debt-mountain-hits-600m/ https://www.room151.co.uk/151-news/news-roundup-pwlb-borrowing-reaches-464m-mhclg-returns-unspent-817m-to-treasury-us-firm-enters-advice-market/ "PWLB borrowing reaches £464m in February Councils borrowed £464m from the Public Works Loan Board during February, according to figures released