Savings on this scale will inevitably mean reductions to London's services, unless the government delivers a funding boost.
London Councils warns that fast-rising inflation means boroughs need to make £400m of savings this year.
London Councils stand ready to work alongside the new Prime Minister to meet the urgent challenges our capital faces.
Thousands of Afghans have started new lives as Londoners.
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.