Crunch point for London council housing finances

London local authorities face worsening pressure in their budgets for council housing.

This report warns that boroughs will need to reduce their spending on council housing by £264m in real terms over the next three years to avoid busting their budgets.

Produced by London Councils, the Society of London Treasurers, and the London Housing Directors’ Group, Crunch point for London council housing finances sets out the major challenges to Housing Revenue Accounts in the capital and the national policy changes needed to secure a better future for London social housing.