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Lambeth Council plunges into deepening financial crisis – emergency cuts, missed targets and Cabinet finger-pointing
Lambeth Council has admitted it is in the grip of an unprecedented financial crisis, facing a projected £60.5 million overspend for 2024/25 and a budget black hole that could stretch to £94 million over the next four years, according to a series of reports published ahead of the July Cabinet meeting. The Council’s own forecasts for 2025/26, published unusually early in the year due to the “extreme financial challenge“, predict a further £18 mill…
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Lambeth Council plunges into deepening financial crisis – emergency cuts, missed targets and Cabinet finger-pointing
Lambeth Council has admitted it is in the grip of an unprecedented financial crisis, facing a projected £60.5 million overspend for 2024/25 and a budget black hole that could stretch to £94 million over the next four years, according to a series of reports published ahead of the July Cabinet meeting. The Council’s own forecasts for 2025/26, published unusually early in the year due to the “extreme financial challenge“, predict a further £18 mill…
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