London Councils has released new analysis warning that boroughs need to make over £500m of savings next year to balance their budgets.

Nine in ten London boroughs expect to overspend on their budgets this year - estimated at over £400m in total across the capital.

Cllr Claire Holland, Acting Chair of London Councils, said: "Borough finances are on a knife edge - with grim implications for the future of local services in the capital."

"The combination of higher costs due to spiralling inflation, skyrocketing demand for services, and insufficient levels of government funding leaves boroughs in an extremely precarious position."

Ahead of the government's Autumn Statement in November, London Councils has launched its key priorities. These include an overall funding increase of at least 9 per cent, investment to reduce homelessness, and reforms to the broken local government finance system.

London Office of Technology and Innovation (LOTI) has been supporting the London Device Bank, a project which has prevented over 2.5 million kg of CO2 emissions in its first year of service.

The London Device Bank is part of Get Online London, a digital inclusion service by Good Things Foundation, offering free refurbished devices to digitally excluded people.

Eddie Copeland, Director at LOTI, said: "We're delighted to see these remarkable achievements by Get Online London in its first year of service, further cementing its place as London's sustainable solution to digital exclusion."

"Tackling London's digital divide is a key element in building a fairer and more prosperous city. Current rates of digital exclusion are unsustainable and make other forms of inequality worse."

One World Living, one of seven themes in London Councils' pan-London Climate Programme, is hosting its annual conference today (Wednesday 18 October) as part of ReLondon's Circular Economy Week.

Hosted online, the conference is open to local authorities and their partners, providing the latest update on the theme, showcasing its work through live case studies and explaining how boroughs can get involved.

Sign up to attend via Eventbrite.

You can find the latest updates from the London Councils Climate Programme on our blog and social media.

The deadline to complete the London Councils' Parking and Traffic Penalty Charges consultation is next Monday, 23 October.

Parking charges have not been reviewed since 2010 and rates of parking offences have increased by 50 per cent over the last 12 years.

More details and how to respond can be found on the London Councils' website here.