Funding London

  • By London Councils

London boroughs will work together to ensure that each London borough is better resourced across the full range of public services; to ensure that London receives it fair share of funding; to win more freedom for Londoners to decide how they raise funds for services and to guarantee continuous efficiency improvements in how Londoners’ money is spent. We will:c

  • Lobby to deliver an end to austerity in local government and try and ensure that no London borough loses from the Spending Review 2019.
  • Highlight the vital role of cities in funding UK public services by driving economic growth, where London contributes £32.5 billion in taxes after funding its own public services.
  • Press for government recognition of the unique cost demands on Britain’s cities which in London include 34% of all unaccompanied asylum seeking children, two thirds of all people in temporary accommodation and £54 million on those with no recourse to public funds.
  • Press for London’s fair share of the Fair Funding Review and recognition that dramatic increases in the costs of supporting SEND are creating unsustainable deficits across local authorities.
  • Lobby for the extension of business rates retention and its conversion into a genuinely devolved tax.
  • Argue for greater fiscal devolution to London, in line with the London Finance Commission, so that the city can fund the foundations for future growth.

Download the Pledges to Londoners PDF

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