Sensible savings means Mayor's budget delivers again for London

9 February 2012

A cut in the council tax precept and more police officers on the streets are the key elements of the Mayor of London Boris Johnson's fourth budget, which has been approved unamended today by the London Assembly.

Underlining the sensible savings he has achieved over the last three years, the Mayor is in a position to not only freeze his portion of the council tax but to offer a modest cut in the precept of one per cent. Under the eight years of the previous administration, the GLA precept rose by 152 per cent, which is equivalent to the impact of a cumulative increase of £963.58*.

The budget will allow for significant investments to help regenerate London and will also protect the capital’s police numbers. The Mayor has secured an extra £90m from government to ensure that police on London streets can remain high for the foreseeable future. At the end of this Mayoral term there will be around 1,000 more police officers than at the beginning.

The budget will ensure that Crossrail and the Tube upgrades will be delivered and fares will be held down as much as is possible, whilst maintaining neo-Victorian levels of investment in transport infrastructure- helping the city  to emerge from the current economic difficulties more competitive than ever.

The Mayor Boris Johnson said: "Delivering value for money for Londoners, whilst also protecting frontline services such as policing and transport infrastructure has been possible thanks to the sensible and careful savings we have made over the past four years. One of my key priorities is to make London safer, and this budget continues to protect police numbers. At the end of this Mayoral term there will be nearly 1,000 more officers than at the beginning of the term."

ENDS

 

Notes to Editors

1. The Mayor’s council tax precept will fall from £309.82 to £306.72. This is the first time in the history of the GLA that the precept has been reduced. Assuming 3 per cent inflation in real terms Council Tax bills will have been reduced by 16 per cent between 2009-13.

2. The budget comprises of £228.10 to support the Metropolitan Police service, £39.54 for the London Fire Brigade, £20 for the 2012 Olympic and Paralympic Games and £19.08 for transport and other services.

3. The Mayor’s budget consists of – Mayor’s Office for Policing and Crime, Transport for London, London Fire and Emergency Planning Authority, the Olympic Park Legacy Company and core Greater London Authority. The total revenue budget expenditure is £14.5 billion.

4. The document is available on the Greater London Authority website, www.london.gov.uk, enabling members of the public to make their comments. The direct link to the budget homepage is http://www.london.gov.uk/who-runs-london/greater-london-authority/budget-and-strategic-plan.

5. Cumulative impact of increases in the GLA precept between 2000/01-2007/08 for a Band D council taxpayer