Bosses say they will be able to contain the economic fallout of the pandemic during the current 2020/21 financial year - but a bleak picture has been painted for the years to come.
The impact of missing out on £56m from the Manchester Airport dividend, as well as dwindling income from council tax and business rate collections, will not be felt until 2021/22.While this has been smoothed out by more than £40m in government funding, a report to the council’s executive warns of a ‘daunting and difficult future’ without further cash injections.Speaking ahead of an executive meeting today, where the budget position will be discussed, council leader Sir Richard Leese said: “We won’t know the full extent of the financial challenge we are facing.
Read more on manchestereveningnews.co.uk
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