The Mayor’s Final Draft Consolidated Budget totals £20.7 billion, including an additional £188 million added since the Draft Consolidated Budget was published in January.
This confirms the changes to Transport for London (TfL) income following the announcement of the 5.9 per cent fare increase and includes finalised council tax and business rates forecasts.
The change to the fare rise in March 2023, from the 4 per cent assumed by the Mayor in his Consultation Budget in December, is expected to raise a further £81 million in passenger income for TfL. How will this £81 million be used?
An additional funding of £130 million has been allocated to provide free school meals to every London primary school pupil in the next academic year. How will this be delivered?
The London Assembly Budget and Performance Committee leads scrutiny of the Budget and will tomorrow question the Mayor in its sixth scrutiny session of the current cycle, after using its statutory powers to summons him to appear before it.
The guests are:
- Sadiq Khan, Mayor of London
- Officials TBC
The meeting will take place on Tuesday 21 February 2023 from 10am, in The Chamber, City Hall, Kamal Chunchie Way, London, 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
- Full agenda papers.
- Peter Fortune AM, Chairman the Budget and Performance Committee, is available for interview.
- Find out more about the work of the Budget and Performance Committee.
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor
For more details, please contact Emma Bowden in the Assembly Media Office on 07849 303 897. For out-of-hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer.