direct to your inboxThe financial impact of coronavirus so far on Trafford council is estimated to be over £50m.In its latest budget monitoring report, the town hall’s finance team said ‘gross Covid-19 financial pressures are estimated at £51.212m’, but hard work from officers means the council is expecting an in-year underspend of £2.08m.The net impact of the pandemic is £4.574m which, thanks to central government funding support and savings across other service areas, the council is expecting to offset entirely.The pandemic has reduced the amount of money the authority expected to earn from its investment portfolio, which previously concerned opposition councillors.Central government has allowed the payment of council tax and business.