Budget figures

Our financial challenge logoLambeth’s core government funding will have been cut by 56% between 2010 and 2018

Since 2011, the Council has identified £182m of savings – including more than £40m this year – and a further £55m needs to be found by 2020.

Demand on services is going up

  • For example, Lambeth’s population is growing from 300,000 now to a predicted 360,000 in ten years’ time
  • The cost of housing people in temporary accommodation has soared;

Cost of housing people in temporary accommodation. Risen from £2,044,000 in 2011, to £11,191,000 in 2015.

Where do we get our money from?

Pie chart showing where our money comes from. 35% Retained business rates 3% New homes bonus 30% Government grants 32% Council tax

What does this mean for my Council Tax?

  • The government has earmarked a 2% addition to help us pay for social care
  • This is on top of a 1.99% increase we need to apply to help us deliver services
  • This total increase works out at around 36p a week for a Band D property and overall, would raise nearly £4m per year

What do we currently spend our money on?

Pie chart showing where we spend our money. 28% Adult and social care 22% Children’s services 7% Corporate items (like pension funding) 1% Education (other than schools) 1% Emergency provision 9% Environment 4% Culture / Parks / Libraries 6% Planning and regeneration 14% Running the council 6% Customer services

What is the council doing?

  • £43m being saved in 2016/17
  • More than 1,000 fewer staff, with hundreds more to leave over the next two years, saving more than £20m
  • 14 buildings down to two, saving £4.5m per year
  • More money from growth and development, which has brought in £25m since 2010 and could bring in more than £90m over the next five years

Some examples of budget savings being made this year;

  • Income generation (£900k): We know by looking at fees and charges for certain services we can increase our income and help us to prevent more difficult cuts in other services.
  • Cemeteries & Crematorium (£250k): remodelling to deliver a better service and generate more revenue.
  • Parking (£500k): an increase in income, reflecting increased collection in the service in previous years.
  • Children’s Social Care (£350k): Providing certain care roles directly rather than purchasing externally can save money without affecting frontline social care work.
  • Youth Offending Service (£500k): An underspend in the team means an agreed improvement plan can still be implemented while saving money.
  • Education and learning support (£300k): Working more closely with schools to deliver staff savings in school inclusion, admissions and other administrative roles can save money without impacting on the service.
  • Adult social care (£3.4m): A different approach to social care, offering a more personalised and less centralised service can save money while delivering more effective support. As highlighted in this Guardian article.
  • Supporting People (£350k): Working with partners such as St Mungo’s Broadway, Thames Reach and North Supported Housing Patch we can make efficiency savings with no impact on number of beds.
  • Public Health (£2.7m): Reductions in our designated public health budget means that services like sexual health and HIV care and support will see reductions. However we are promoting online services such as Do It London, home sampling and more mainstream services that service users prefer. We are confident we will maintain our innovative work in this area.

Find out more

Press release 29/01/2015 – Lambeth releases 2016/17 budget figures

Cabinet Report – Revenue and capital budget 2016/17