As the new government prepares to unveil its plans for the public finances, London Councils analysis reveals that boroughs in the capital need to make £700 million of savings next
year unless the government boosts funding for local services.
Boroughs’ overall resources are 22 per cent lower in real terms
compared to 2010, even though London’s population has grown by almost 800,000
(a 10 per cent increase).
London Councils Chair Cllr Georgia Gould said: “The funding outlook for boroughs is beyond bleak. The scale
of the savings required is colossal and will inevitably mean cuts to the vital
frontline services that so many Londoners rely on.
“Boroughs will do everything we can to protect our
communities but a £700 million funding gap next year will force us into the toughest
of tough decisions unless the government offers new support.
“Just as ministers worked effectively with councils at the
height of the Covid-19 pandemic, we need a similar spirit of partnership in the
face of the cost-of-living emergency. Properly funding local services is
essential for supporting struggling households and building economic growth in
our communities.
“We’re urging the government to listen to councils’ concerns
and take swift action to avoid a bad situation becoming even worse.”