London Assembly to Debate Mayor’s Budget for 2026-27
Tomorrow, members of the London Assembly are set to review and discuss the Mayor’s Draft Consolidated Budget for the fiscal year 2026-27. The proposed budget features an additional £67 million in funding compared to the earlier December consultation document, aiming to close various funding gaps in critical areas.
Key Features of the Budget
- The budget resolves previous funding shortfalls, which included £20 million for the Mayor’s Office for Policing and Crime (MOPAC), £19 million for the GLA: Mayor, £12 million for the London Fire Commissioner (LFC), and £3 million for the Old Oak and Park Royal Development Corporation (OPDC).
- Transport for London (TfL) is set to receive £90 million from the Department for Transport (DfT) to offset lost revenue due to the Government’s decision to freeze rail fares.
- The expense related to the Mayor’s Universal Free School Meals programme has seen a decrease of £51 million, linked to an extension of the Government’s own free school meals policy announced in June 2025.
Meeting Details
The discussion will take place on Thursday, 29 January 2026, starting at 10am in the Chamber at City Hall, located at Kamal Chunchie Way, E16 1ZE. Key figures participating in the meeting include:
- Sir Sadiq Khan, Mayor of London
- David Bellamy, Mayor’s Chief of Staff
- Fay Hammond, Chief Finance Officer, Greater London Authority
Members of the media and the public are encouraged to attend, with options to view the meeting live via webcast or YouTube.
Importance of the Budget Discussion
This budget meeting is crucial as it directly impacts various public services across London, especially in the areas of policing, fire services, and education. The Council’s efforts to address previous financial gaps reflect ongoing challenges faced by local authorities and the need for sustainable funding solutions.
Source: official statements, news agencies, and public reports.
https://www.london.gov.uk/who-we-are/what-london-assembly-does/london-assembly-press-releases/assembly-debate-mayors-draft-2026-27-budget
