Last week London Councils formally responded to the government's consultation on the Provisional 2024/25 Local Government Finance Settlement.
As our response makes clear, despite the planned 4.6% increase in core spending power,
London boroughs’ overall resources will remain 15% lower in real terms than in
2010.
Boroughs in the capital still face a funding shortfall of at
least £500 million in 2024/25, driven by enormous pressures on
services, especially adult social care, children’s services, and homelessness
support.
The local government finance system is broken and needs
comprehensive reform. Without significant investment and funding changes,
further Section 114 notices are likely.
You can read our consultation response in full here.
London Councils will also be making a representation to government ahead of the Spring Budget, due to take place on 6 March.