Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

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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