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Consultation on The Mayor's Budget for 2023-24

Key information

Publication type: Consultation

Start date: Friday 16 December 2022

End date: Friday 13 January 2023

The Mayor of London, Sadiq Khan, is consulting on his fifth budget and capital spending plan for the Greater London Authority (GLA).

The Greater London Authority (GLA) is the strategic authority for London and supports the Mayor and the London Assembly in delivering their responsibilities and functions. The GLA’s five functional bodies are its principal delivery arms:

  • the Mayor’s Office for Policing and Crime (MOPAC; overseeing the work of the Metropolitan Police Service - MPS)
  • the London Fire Commissioner (LFC: overseeing the work of the London Fire Brigade)
  • Transport for London (TfL)
  • the London Legacy Development Corporation (LLDC) which administers Queen Elizabeth Olympic Park and
  • the Old Oak Common and Park Royal Development Corporation (OPDC)

The Mayor’s central mission in this budget is to continue building a better London for everyone – a city that is a fairer, safer, greener and more prosperous place for all its communities.  

For the first time ever, this budget incorporates the concept of climate budgeting: setting out how organisations, including Transport for London (TfL), the Metropolitan Police Service and London Fire Brigade could achieve Net Zero Carbon by 2030 across their operations. 

Overall, the Mayor has ensured that the 2023-24 GLA Group consultation budget is focused on his core priorities and the issues that matter most to Londoners. These include: 

  • Keeping London safe, by being tough on crime and the causes of crime and ensuring the Met and London Fire Brigade both have the resources they need to reform and serve Londoners effectively.  
  • Taking the boldest action of any city in the world to tackle air pollution and the climate crisis.   
  • Continuing to build a record number of council homes and the homes more Londoners can afford.   
  • Maintaining a world-class transport network in London. 
  • Investing in the positive opportunities young Londoners need to be able to fulfil their potential. 
  • Supporting Londoners and businesses most in need through the cost-of-living crisis. 
  • Continuing to offer free training to anyone who is unemployed or in low-paid work and providing a mentor to all young Londoners in need. 

Have your say

You can comment on any aspect of the expenditure plans set out. This is your chance to have your say on a budget that will have a big impact on the lives of Londoners.

Please send your feedback to: [email protected] by Friday 13 January 2023.

Key facts and information

The proposed spending plans

The consultation document sets out proposed spending plans below:

  • £934 million to support the Metropolitan Police, an increase of over £26 million to continue making our city safer for everyone.
  • £435.8 million for London Fire Brigade, a £14 million increase to ensure it can continue to quickly respond to major fires and continue making the changes needed after the Grenfell Tower Inquiry. 
  • An additional £94.4 million to ensure we can maintain a world-class transport network.
  • The climate measures the GLA Group’s organisations are undertaking within this budgeting period, and could undertake in future, to support the Mayor’s aim for net zero carbon emissions across London by 2030.
  • £6.9 billion to continue building the homes London needs over the period up to 2027.
  • Almost £84 million of support for Londoners during the cost-of-living crisis, including via the Warmer Homes programme, support for rough sleepers and other advisory services.

Funding assumptions

The precise amount of funding the GLA will receive from council tax, business rates, and other government funding is not yet known.

This depends on the government’s final police and local government finance settlements (due to be published in early February 2023) and forecasts from the 33 London local authorities of business rates receipts and how many people will pay council tax (expected at the end of January).

To give you an indication of City Hall’s current thinking: the consultation budget assumes council tax may need to rise by an additional £27.89 a year for an ‘average’ Band D household. This is the equivalent of £2.32 a month (compared to £31.92 a year, or £2.66 a month, last year).

This council tax rise will provide much-needed funding for London’s key services: the Metropolitan Police, London Fire Brigade and London’s transport network. But even with this, their total funding will increase by less than inflation, which is creating further pressures on their budgets.

The final decisions will be taken in the new year and will be subject to consideration by the London Assembly in February 2023. The Mayor will have to balance inflation pressure on our key public services with the impact of tax rises on Londoners.

Visit the Mayor's Budget page for more information, including the budget-setting process and budgets for previous years.

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