Liverpool on verge of declaring bankruptcy because of coronavirus

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The city’s council is said to be considering imposing emergency spending controls after the government ‘failed to offer anywhere near enough support’ when the pandemic hit. Communities Secretary Robert Jenrick pledged that councils across the UK will be reimbursed for their emergency epidemic spending, but Liverpool councillors say what has so far been offered barely scratches the surface. The council will spend £78 million through increased costs and loss of income because of Covid-19 this financial year, the Liverpool Echo reports. But it has only received £34 million from the Government in two tranches, with the second lower than the first.

 

Read more: metro.co.uk/2020/04/30/liverpool-verge-declaring-bankruptcy-coronavirus-12632768/?ico=pushly-notifcation-small&utm_source=pushly?ito=cbshare

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