William Eichler 11 October 2024

Council faces ‘unprecedented’ £175m budget gap

Council faces ‘unprecedented’ £175m budget gap  image
Image: Nigel J. Harris / Shutterstock.com.

Newham council has requested emergency government funding to help close an unprecedented budget gap of £175m.

The council predicts that without acting it could face a £100m financial gap in 2025/26, rising to £175m by the end of 2027/28. An estimated £100m of this is due to temporary housing costs.

It has set out a £20m package of savings, which includes a 20% increase on all fees and charges except those relating to resident parking, and income raising measures for the forthcoming financial year.

The council is also set to begin consultation on proposals for a further £70m of savings.

Cllr Zulfiqar Ali, Cabinet Member for Finance & Resources, said that past government policy and the housing market ‘has failed us.’

Mayor Rokhsana Fiaz OBE added: ‘We are a well-managed, financially responsible council but the additional costs of a 26% rise in demand for temporary housing are the difference between us being able to balance our budget both last year and this.’

What’s happening inside the LGPS? image

What’s happening inside the LGPS?

Get the most informed take on the challenges and opportunities that substantial reform will bring at this year’s PLSA Local Authority Conference.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Project Manager (Regeneration)

West Yorkshire Combined Authority
£49,359 to £56,057 per annum (pay award pending) – Grade 9
With ambitious goals ahead, we need dedicated individuals who are ready to make a real impact as part of our expanding Housing team Leeds / Hybrid
Recuriter: West Yorkshire Combined Authority

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerPermanent, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerFixed Term, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

HR Advisor - Pay & Policy (Career Grade)

Wakefield Council
Grade 9 - Grade 10, Career Grade, 24 hours, Permanent
Are you ready to make a difference and shape policies that foster a high performing and inclusive workplace? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Leisure Support Assistant

Wakefield Council
£12,013.50 - £12,202.00, Grade 3, 18.5 hours, Permanent
Are You Ready to Make a Difference in Your Community? Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner