Camden's financial challenge

Camden's financial challenge

We’re proud to provide essential services that support our communities. We want to protect what makes Camden the great place it is.

But along with public services across London and the country, we are facing a huge financial challenge.

Since 2010 the government has cut our budget by 49% and we’ve had to save £169 million.

By 2022 we estimate we will have a further £40 million less to spend per year. That’s more than we spend combined each year on community safety, support for adults with mental health problems, and waste collection. We have to make savings over the next three years (2019 to 2022) to prepare for this.

Even with our history of careful money management, the combination of continued cuts and spending pressures, such as increased demand for services and the rising cost of living, means we cannot continue to make savings without this having an impact on vital services.

We have done what we can to plug the gap, but there are just no easy choices left.

Next steps

In December 2018 we will publish proposals for how we plan to make the necessary savings. The proposals will form our Medium Term Financial Strategy (MTFS), which outlines our budget plans for the next three years, from 2019 to 2022.

In many cases the proposals will continue to be developed over the next 12 to 18 months.

We will keep you updated on the MTFS and the individual proposals.

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