There's already been quite a few councils going 'bankrupt', some like Thurrock having made dodgy investments. I'm just wondering whats going on here? Correct me if I'm wrong on the following please:
Over a decade of austerity, during which
Funding from central government cut massively
Big increase in social care numbers and costs and majority of budget go on this.
Councils not allowed to increase council tax over a low percentage without a referendum.
It seems to me this is ideological destruction of local government(classic Tories). How do we have a high tax burden, but poorly funded public services?
My council has been independently assessed as well run financially but is warning it may have to issue a bankruptcy notice this year. They have given examples where a single child in care is costing them £38K a week!

Can someone explain to me exactly what 'social care' costs are?
Who is raking in social care money? Tories by any chance?