Challenges for the Mayor’s 2025-26 budget
The Mayor of London is responsible for a total budget of £20.7 billion, but what should be his priorities for 2025-26?
The Mayor’s Budget Guidance document highlights three issues “causing considerable uncertainty to the Greater London Authority (GLA) Group’s medium-term financial forecast”:
- the future state of London’s economy.
- the upcoming spending reviews for 2025-26, to be announced as part of the Autumn Budget on 30 October 2024, and for 2026-29, which is due in Spring 2025.
- the prospect of the government introducing reforms to the local government finance system.1
The London Assembly Budget and Performance Committee will meet tomorrow to hear from a panel of outside experts on the effectiveness of the Mayor’s current budget priorities, and also to discuss and anticipate future financial trends and challenges ahead of next year’s budget.
Guests include:
Panel 1 - TfL Funding (10am – 11.15am)
- Stuart Hoggan, Associate Consultant, LG Futures
- Antonia Jennings, CEO, Centre for London
- Tom Pope, Deputy Chief Economist, Institute for Government
- Tony Travers, London School of Economics (LSE) Department of Government and Director of LSE London
- Luke Hillian, Strategic Finance Analyst, London Councils
- Michael Roberts, CEO, London TravelWatch
Panel 2 – Affordable Housing Delivery (11.15am – 12.10pm)
- Stephanie Pollitt, Programme Director (Housing), BusinessLDN
- Stuart Hoggan, Associate Consultant, LG Futures
- Antonia Jennings, CEO, Centre for London
- Tom Pope, Deputy Chief Economist, Institute for Government
- Tony Travers, LSE Department of Government and Director of LSE London
- Luke Hillan, Strategic Finance Analyst, London Councils
Panel 3 – London Police and Crime Plan and the New Met for London Programme (12.10pm – 1pm)
- Rick Muir, Director, Police Foundation
- Ian Wiggett, Associate Director, World Policing Advisory
The meeting will take place on Tuesday 22 October 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
- 2.2, Mayor’s Budget Guidance 2025-26
- 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.