A HILARIOUS fundraising plea has been launched to help Slough Council recover from its mounting money problems.

On Friday, July 2, the authority declared themselves as bankrupt after they issued a section 114 notice.

The notice indicated that the council does not have enough funds to deliver or balance its budget.

What this effectively means is Slough Borough Council cannot spend any money except on essential and statutory services, such as adult social care and children’s services.

READ MORE: Chief Executive apologies for money troubles after council 'declares bankruptcy'

As a result of this, a GoFundMe page has been set up to raise £100 million for Slough Council because they 'spent all their ps on Gucci bus lanes'.

The page features an image of Slough Labour MP Tanmanjeet Dhesi, smiling with celebratory arms outside the Houses of Parliament.

The Go Fund Me page said: "Recently we found out Slough Council is broke, they spent all their ps on a gucci bus lane.

"Let's help them get un broke."

So far, no one has donated any money towards the fundraiser.

ALSO READ: Slough Council issues section 114 notice following mounting money troubles

Slough has become the third local authority to issue a section 114 notice, following Northamptonshire County Council in 2018, and Croydon Council last year.

Josie Wragg, chief executive of the council, has apologised to residents for this financial catastrophe – but pledged to “turn around the council on a secure footing”.

Ms Wragg said: “This is not a good situation to be in. This is a very serious situation and I, of course, apologise to the residents of Slough.

“This is a situation we had not wanted to see or find ourselves in, and it’s something we are going to work extremely hard to get ourselves out of to ensure financial sustainability going forward.”