This just highlights how the UK political system is so broken. Councils pushed to a point where they are constantly operating in a deficit.
Yet look at the USA and Australia. It’s not just central Government funds, but states able to offer financial packages. The state of Queensland offering up a fist fight with the state of NSW to keep Virgin Australias HQ. A state that can offer up $200m just to keep those jobs in place. No region in the UK could service finance to a major employer on that level. Not even Wales or Scotland.