London Councils warns that fast-rising inflation means boroughs need to make £400m of savings this year.
The number of Londoners is likely to have been seriously undercounted.
London Councils is concerned that local services and economic recovery will be jeopardised without immediate new support.
Even with the support measures unveiled by the chancellor, boroughs are braced for many of their residents facing cost-of-living pressures.
The government’s boost to local authority funding provides short-term relief but cannot disguise the extreme pressures town halls will continue to face.
London Councils responds to the local government finance settlement for 2022/23.
Much-needed funding boost welcome but no ‘age of optimism’ for council finances – London Councils responds to the Budget and Spending Review
London Councils has welcomed the much-needed increase in funding announced by the Chancellor, while stating that the boost will not be enough to establish an age of optimism in local government finances.
Ahead of the Budget and Spending Review, London Councils emphasises the priorities for securing economic recovery and levelling up in the capital.
‘Bare minimum on addressing the homelessness crisis’ – London Councils responds to the Budget’s housing measures
The cross-party group London Councils has welcomed the Chancellor’s decision to extend the £20-a-week uplift to Universal Credit for six months, but describes this as the “bare minimum” needed to stop homelessness rates increasing even further.
The upcoming Budget must support London’s recovery from the Covid-19 pandemic by giving local government the funding and powers to ignite the economy and boost jobs in an inclusive way, according to membership group London Councils.