Wandsworth's council tax will rise slightly in April, still remaining the lowest in the UK. The borough is freezing most council tax components for the third consecutive year, while increasing funding for adult social care by 2%. Council leader Simon Hogg attributes this stability to sound financial management, alongside low debt and high reserves. Conversely, Lambeth faces significant challenges with austerity measures impacting its budget, leading to a stark increase in homelessness and rising accommodation costs for affected households, hinting at a larger financial crisis.
Wandsworth has one of the lowest levels of debt and some of the highest financial reserves in London, allowing us to freeze the main element of council tax and invest in what matters most to you.
Sound financial management has enabled Wandsworth to keep its bills low. We are freezing your council tax for the third year in a row.
The financial situation we face is stark and substantial, with a 50 percent increase in homeless households, totaling 4,600.
The council has seen a substantial increase in costs regarding housing homeless households in overnight accommodation, with expectations reaching 100 million this year.
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