Ministers say they will decide on a timetable for funding reform over the coming months.
UK councils face a £3bn black hole in their budgets as they emerge from the pandemic, a BBC investigation into their finances can reveal.
Sharon Taylor, a Labour councillor who chairs the Local Government Association's resources board, said the pandemic had highlighted an existing funding crisis brought about by a reduction in central government grants - a fall of up to 70% over ten years in some places. They have also had to supply workers with Personal Protective Equipment . But, at the same time they have seen income from things such as town centre parking, council tax and business rates plummet.
Ms Taylor said the government had encouraged councils to invest in commercial property to raise funds. The authority was one of 10 in England to have applied for a capitalisation direction, an emergency measure allowing a council to either borrow money to cover losses or to move funds from its building programme to fund day-to-day expenses.Croydon Council asked for the most support from the scheme - worth £120m over the next two years.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UK deaths exceed births for first time in 44 years due to CovidThere were more deaths in 2020 than in any year since 1900.
Weiterlesen »
UK Covid cases double in 2 weeks with 32,548 infections - highest since JANUARYBRITAIN today recorded 32,548 Covid cases – the highest figure since January. Deaths remained low, with another 33 fatalities reported. It marks the highest inrease in cases since January 23 …
Weiterlesen »
UK flights and credit card purchases rise as Covid rules easeData comes before official figures for UK’s national income are expected to show fourth month of expansion
Weiterlesen »
UK Covid deaths above 30 for the third time this week as 32,551 cases recordedCOVID deaths have today increased by 35 – the third time this week the figure has been higher than 30. Cases jumped by 32,551 as the total number of infections passed the 5 million mark. 🔵 R…
Weiterlesen »
Ireland and Northern Ireland raise alarm about English Covid plansScrapping most restrictions on 19 July is ‘reckless’, says Northern Ireland’s deputy first minister
Weiterlesen »