T&WC Budget Exposed
To The Residents of Telford and Wrekin At Truth Tracker Telford, we have two members with an economic background, who have put their heads together, and aim to help you understand the story behind the headlines of Telford and Wrekin Councils budget. A House Built on Sand: Reckless Finance, Regressive Choices, and the Normalisation of Austerity This budget is a document of two contradictory faces. On one hand, it boasts of a "balanced budget" for 2026/27. On the other, it reveals a council hurtling towards a financial cliff edge, choosing corporate risk over community resilience. From a our perspective, three damaging aspects stand out: The Casino Economy: The council is gambling essential public funds on commercial property speculation. With a Property Investment Portfolio (PIP) of £191.5m growing to over £254m, the council acts as a developer, not a public body. This exposes frontline services to the whims of the property market. The projected return on this m...