'Royal' UK borough declares it's nearly broke

Berkshire council, home to Windsor Castle, is more than $240 million in debt and is running a high risk of insolvency

The United Kingdom's Royal Borough of Windsor and Maidenhead is on the brink of bankruptcy as the country's increasing interest rates have sent the cost of servicing its debt of Pound 203 ($240 million) soaring.

The local authority in Berkshire, which includes Windsor Castle