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Blackhole in Stockport council's finances has doubled since start of coronavirus pandemic

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The blackhole in Stockport council’s finances has more than doubled since the beginning of the coronavirus pandemic.Back in February the town hall was forecasting a budget gap of just over £17m over the next three years.But the ‘scarring impact’ of Covid-19 has left that figure standing at nearly £35m due to an expected increase in the cost of providing services combined with a drop in revenue.The council’s revised medium term financial strategy notes 'there is a recognition that the financial legacy of the pandemic will go beyond 2020/21'.The authority is also braced for a significant drop in the amount of money it brings in from council tax and business rates, as well as various fees and charges.Bosses have factored the loss of the.

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