LBWF and COVID-19 (1)
A few days ago, the Cabinet considered a paper which looked at the impact of COVID-19 on LBWF’s finances. The headline figures that were presented are alarming. Assuming the crisis lasts 12 weeks, LBWF will have an ‘exposure’ (increased costs plus lost income) of between £34.857m. and £39.487m. while at the time of writing, promised central government emergency assistance amounts to only £7.540m. The detail is in the following table: Understandably, many of these figures are rough estimates. Moreover, further support from Westminster is likely to be forthcoming in the next few weeks. On the other hand, the emergency’s impact will undoubtedly run beyond 12 weeks, and realistically may last a ... »