The Mayor’s Final Draft Consolidated Budget totals £20.7 billion. This final draft includes an additional £121 million added since the Draft Consolidated Budget published in January.
This confirms the Transport for London (TfL) fare freeze announced by the Mayor in January, funded through an additional £123 million, which was raised through additional business rates income to TfL.
In the Mayor’s initial draft 2024/25 budget, which was presented to the London Assembly Budget and Performance Committee in November 2023, no information was included on extending the Universal Free School Meals (UFSM) programme.
However, on 9 January 2024, the Mayor announced the UFSM programme would be extended to cover 2024/25, with £140m earmarked in the Draft Consolidated Budget.
The Mayor is responsible for setting the budget for the Greater London Authority (GLA) and its functional bodies, including TfL, the Mayor’s Office for Policing and Crime and Metropolitan Police Service (MOPAC/MPS) and the London Fire Commissioner (LFC).
The London Assembly Budget and Performance Committee leads scrutiny of the Budget and will tomorrow question the Mayor on his final Draft Consolidated 2024/25 Budget.
Guests include:
- Sadiq Khan, Mayor of London
- David Bellamy, Mayor’s Chief of Staff
- Enver Enver, Interim Chief Finance Officer, GLA
- Elliot Ball, Interim Director, Group Finance and Performance, GLA
The meeting will take place on Tuesday 20 February from 3pm, in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.
Media and members of the public are invited to attend.
The meeting can also be viewed LIVE or later via webcast or YouTube.
Follow us @LondonAssembly.
Notes to editors
- Read the agenda papers.
- Neil Garratt AM, Chairman of the Budget and Performance Committee, is available for interview.
- Find out more about the work of the Budget and Performance Committee.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For more information, please contact Tony Smyth in the Assembly Media Office on 07763 251727. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.