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Trafford Council borrows £7m for two weeks 'to help ease cashflow issues'
01.04.2020 - 18:35 / manchestereveningnews.co.uk
A council has had to borrow £7 million for two weeks to help ease cashflow issues.
Trafford Council confirmed it had to source the funds as a routine borrowing exercise and highlighted that it was not as a direct result of the COVID-19 outbreak.
The sum, with an interest rate of 2.5 per cent, was taken out on Wednesday March 25 2020 and will have to be fully repayed with interest on Wednesday April 8 2020.
It is understood the cost of the borrowing will be met from within the authority's
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South Ayrshire Council say bogus workmen are exploiting coronavirus lockdown to offer waste uplifts for cash
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09.04.2020 / 23:41
Barcelona plot Joao Cancelo swap deal and more Man City transfer rumours
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manchestereveningnews.co.uk
08.04.2020 / 18:00
These Trafford businesses are desperate for financial help but they've had nothing despite applying weeks ago - here's what the council has said
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Dr. Oz Shares How You Can Help Healthcare Professionals During the Coronavirus Pandemic
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manchestereveningnews.co.uk
03.04.2020 / 22:15
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Police in Trafford have been leaving Easter eggs on doorsteps for children
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