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Councils stare at huge losses from virus

Funding

26 June 2020
 

More local authorities have revealed the size of the funding pressures they are facing because of Covid-19. 

London boroughs are projecting additional spend and income loss of £1.8bn in 2020/21 (additional spend £709m and lost income £1.1bn). Taking into account Government grant payments, the funding shortfall estimated by boroughs is £1.3bn. 

The London Borough of Merton’s estimate of the net cost to the council is £35m after Government support and...

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