Created on
28 January 2026
Assembly to debate Mayor’s draft 2026-27 budget
- The Mayor’s 2026-27 First Draft Consolidated Budget includes an additional £67 million funding compared to the December 2026-27 Consultation Budget.1
- Funding gaps in 2026-27 of £20 million for Mayor’s Office for Policing and Crime (MOPAC), £19 million for GLA:Mayor, £12 million for London Fire Commissioner (LFC) and £3 million for Old Oak and Park Royal Development Corporation (OPDC) in the December Consultation Budget have all been eliminated in the Consolidated Budget.2
- TfL will receive £90 million in 2026-27 from the Department for Transport (DfT) to compensate it for the lost revenue from the Government’s freeze of rail fares.
- The cost of the Mayor’s Universal Free School Meals programme been reduced by £51 million due to the extension to the Government’s own free school meals policy that was announced in June 2025. This has reduced funding required from GLA reserves.
Tomorrow, London Assembly Members will consider and debate the Mayor’s Draft Consolidated budget for 2026-27 and any amendments, as part of the statutory budget process.
The guests are:
- Sir Sadiq Khan, Mayor of London
- David Bellamy, Mayor’s Chief of Staff
- Fay Hammond, Chief Finance Officer, Greater London Authority
The meeting will take place on Thursday 29 January 2026 from 10am in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.
Media and members of the public are invited to attend.
The meeting can also be viewed LIVE or later via webcast or YouTube.
Follow us @LondonAssembly.
Notes to editors
- P6, 2026-27 First Draft Consolidated Budget, 15 January 2026
- P19, 2026-27 First Draft Consolidated Budget 15 January 2026
- P6, 2026-27 First Draft Consolidated Budget, 15 January 2026
- Budget Amendments at this stage can be passed by a simple majority of votes cast. The Mayor is under a duty to respond to any amendments passed when he presents his final budget at the 26 February 2026 Mayor's Question Time meeting.
- Read the agenda in full.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For more information, please contact Tony Smyth in the Assembly Media Office on 07763 251727 or [email protected]. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.