Greenwich Council’s new cabinet member for finance has revealed stark figures showing financial pressure on the authority.
Chris Kirby revealed on Twitter that more than 2,300 people cancelled Direct Debits for council tax in March & April alone. So far income is down one per cent and two per cent for business rates. That may seem low percentages but amounts to £2 million.
Other losses are:
- Planning fees and charges (up to £1 million for a 3 month period)
- Parking (£2 million over 3 months)
While income reduced from these areas costs have increased substantially in some areas:
- Extra spend of £10million to support the social care market including £3million in additional staffing and investment in PPE
- Other staff, such as waste service teams working double shifts to cover for staff who are self isolating
With the UK projected today to enter the biggest financial downturn in 300 years, how this plays out is a huge unknown.