Financial forecasts set only months ago at the council are being ripped up.
Financial forecasts set only months ago at the council are being ripped up as inflation hits 9.9 per cent and energy bills rocket.
It would be left with just £1.673 million of uncommitted contingency funds to"meet any further pressures which may arise in the remainder of the year". “Sound financial management over many years means that Telford & Wrekin Council are in a strong position to manage these significant challenges. Officers at Telford & Wrekin Council say that since the their financial strategy was approved at full council on March 3 the economic climate has"radically changed, with a rapid increase in the rate of inflation, increases in interest rates and increasing demand for many services partly fuelled by the cost of living crisis facing our residents."
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