Assembly to question Mayor about fares and future funding for police and economic development

9 January 2012

In setting next year’s budget, how is the Mayor balancing competing demands for policing and economic development funds in the capital[1]? And what steps did he take to ensure recent transport fares rises[2] were needed?

The Assembly’s Budget and Performance Committee will tomorrow question Mayor Boris Johnson about his draft budget for 2012/13.

Members will ask him about his commitment to maintain police officer numbers and future pressures on funding for the Metropolitan Police Service.

The Committee will also examine his recent fares decision and potential funding for the former activities of the London Development Agency (LDA), including the implications of a deal to cover Olympic Park debt[3].

The Budget and Performance Committee meeting will take place on Tuesday January 10 from 10am in Committee Room 5 at City Hall (The Queen’s Walk, London SE1). Media and members of the public are invited to attend.  The meeting can also be viewed via webcast. 

Notes for Editors:

  1. The Mayor’s draft budget for 2012/13 shows a funding gap of £86 million for the Metropolitan Police Service for 2012/13. There is limited funding for contractually committed former LDA activities in 2012/13 and 2013/14 but no revenue funding for economic development beyond the GLA general grant in 2014/15 and beyond.
  2. On 2 January this year transport fares in London increased by an average of 5.6 per cent
  3. The GLA is expecting to inherit £349 million of Olympic land debt with Government funding sufficient to reduce it to £231 million by 31 March 2014.  Under a new deal with Government to cover the debt, the GLA will get full receipts from the sale of Sugar House Lane, plus the first £223m in other receipts when the Olympic Park land is eventually sold. After that there will be a 25:75 split between the GLA and Lottery until the Lottery has been repaid in full, then a 50:50 split between the GLA and central government on any remaining land receipts. The Government will also provide the GLA with an extra £12m in 2011-12 to put towards Olympic land debt costs over the next three years.
  4. See full agenda papers for the meeting
  5. The Chair of the Budget and Performance Committee, John Biggs AM, is available for interview.  See contact details below.
  6. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

For media enquiries, please contact Lisa Moore/Julie Wheldon on 020 7983 4228/4283.  For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officerNon-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.