Protesters who saved 400-year-old tree urge locals to back further campaigns
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5 disused and abandoned railway stations near Bradford | Bradford Telegraph and Argus
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Croydon Council gets £120 million bailout
Croydon Town Hall Pic: Dr Neil Clifton
Croydon Council has been granted £120 million by the government, three months after the council went bankcrupt.
The sum, which was announced in the first week of March, will be split into £70 million for the 2020/21 financial year and £50 million for 2021/22.
Croydon Council issued a Section 114 notice declaring itself bankrupt on November 11, 2020.
The projected overspend is estimated at £96.5 million. The council cannot spend money on services it is not legally required to provide such as parks and community centres.
Croydon Council leader Hamida Ali said: “This means we can now put forward a balanced budget and it gives us a solid foundation to focus on putting those plans for sustainable finances into practice over the next 12 months.
21st December 2020 10:31 am
Dire predictions for the economy could be offset by the UK’s agile SMEs writes Jason Ford
Former PM Theresa May denied the existence of a ‘Magic Money Tree’ in 2017 but her successor Boris Johnson and his chancellor Rishi Sunak knew exactly where to find it in 2020.
Forced into unplanned spending to cope with the Covid-19 crisis, the government was estimated by the National Audit Office to have spent £210bn during the first six months of the pandemic.
Out of necessity, funds were released for a raft of measures including the procurement of PPE for front line healthcare workers, the design and build of new ventilators, the much-criticised NHS Test and Trace programme, furlough and funding to support the self-employed and businesses struggling to cope with government-imposed lockdown conditions.