The £400m funding shortfall is roughly the same amount as London boroughs collectively spend on homelessness in a single year.
Boroughs are seriously struggling to balance the books. All but two of the capital's 33 local authorities are forecast to overspend their budgets this year (2023-24), totalling over £600m.
#london-boroughs #funding-shortfall #local-government-finance #service-pressures #core-spending-power
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