The Mayor’s draft consolidated 2026-27 budget
The Mayor’s draft consolidated budget was published on 15 January 2026 and included total Greater London Authority (GLA) Group budgeted expenditure for 2026-27 of £22.7 billion.1
This is an increase of £287m from the Mayor’s consultation budget in December, which was £22.4 billion.2
The London Assembly Budget and Performance Committee scrutinises the Mayor’s budget process and on Monday, the Committee will speak to the Mayor of London about his draft consolidated budget for 2026-27, where the additional money has come from, and how it will be spent for Londoners.
The Committee will question the Mayor on a number of key topics, including changes to the budget, Transport for London fares, Met officer numbers and the Oxford Street development plans.
The guests are:
- Sir Sadiq Khan, Mayor of London
- David Bellamy, Mayor’s Chief of Staff
- Fay Hammond, Chief Finance Officer, GLA
The meeting will take place on Monday 26 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.
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Notes to editors
- P8, 2026-27 First Draft Consolidated Budget, 15 January 2025
- P11, 2026-27 Consultation Budget, 3 December 2025
- Neil Garratt AM, Chairman of the Budget and Performance Committee, is available for interview.
- Find out more about the work of the Budget and Performance Committee.
- 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.