The Mayor now oversees a total budget of £21.4 billion and is responsible for allocating funds for the Greater London Authority (GLA) and its functional bodies [1].
- The Mayor’s Consultation Budget 2024-25 states that the council tax precept will rise by 8.6% to £471.40 for a typical ‘Band D’ household.
- The Mayor’s Consultation Budget 2024-25 identifies a £144 million funding gap for implementing the ‘New Met for London’ plan.
- The Mayor’s Office for Policing and Crime and the Metropolitan Police Service 2024-25 Budget identifies a further funding shortfall of £41 million.
- The Transport for London 2024-25 Budget projects an increase in fares income of £391 million compared with 2023-24.
- The Mayor’s 2024-25 Budget plans include capital expenditure of £703 million for the 2021-26 Affordable Homes Programme.
What will the Mayor’s budget mean for vital services for Londoners, like transport and policing? The London Assembly Budget and Performance Committee will meet tomorrow to question the Mayor on his Consultation Budget for 2024-25.
The Committee will also meet with external guests to discuss opportunities in the Mayor’s 2024-25 Budget.
The guests are:
Part 1 – 10am to 11am
- Sadiq Khan, Mayor of London
- David Bellamy, Mayor’s Chief of Staff
- Enver Enver, Interim Chief Finance Officer
Part 2 – from 11am
- Antonia Jennings, Chief Executive, Centre for London
- Professor Tony Travers, Visiting Professor in LSE Department of Government and Director of LSE London
- Professor Jagjit S. Chadha, Director of National Institute for Economic and Social Research
- Stuart Hoggan, Associate Consultant LG Futures
- Alfie Sterling, Chief Economist and Associate Director for Analysis and Insight
The meeting will take place on Tuesday 9 January from 10am, 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
- Mayor's Consultation Budget 2024-25 (london.gov.uk)
- 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 07510 488715. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.