IFS finds £2bn budget black hole

By Michael Burton | 19 August 2020

Councils face a budget black hole of £2bn this year due to unfunded coronavirus costs, a new study has found.

The report from the Institute for Fiscal Studies (IFS) said that while loss of income and council tax coupled with extra spending came to £7.2bn, the Government has so far promised only £5.2bn or 4% of councils’ pre-crisis spending.

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