Local authorities cannot take any of the finncial burden of the coronavirus crisis: that’s all down to Westminster and its power to use direct monetary funding of government spending by central banks

The government has suggested that local authorities should ‘share the financial burden‘ of coronavirus with the Westminster government. They have admittedly allocated an additional some of £1.6 billion: in the sum of things this might technically be described as ‘an insignificant amount’. It is, after all, just £24 a person in the UK. I admired […]

source https://thebtrader.com/2020/04/23/local-authorities-cannot-take-any-of-the-finncial-burden-of-the-coronavirus-crisis-thats-all-down-to-westminster-and-its-power-to-use-direct-monetary-funding-of-government-spending-by-centra/?utm_source=rss&utm_medium=rss&utm_campaign=local-authorities-cannot-take-any-of-the-finncial-burden-of-the-coronavirus-crisis-thats-all-down-to-westminster-and-its-power-to-use-direct-monetary-funding-of-government-spending-by-centra