The Mayor’s Final Consolidated 2026-27 Budget

The Mayor is responsible for a budget of over £21bn, shared across the Greater London Authority, including Transport for London, the Mayor's Office for Policing and Crime, and the London Fire Brigade.

The key financial changes in the Final Draft Consolidated Budget compared with the January Draft Consolidated Budget include:

• The Mayor's 2026-27 Final Draft Consolidated Budget includes an additional £142.6 million funding compared to the January 2026-27 Draft Consolidated Budget.^[1]

• £50 million for supporting young Londoners
• £20 million to implement the AI Taskforce recommendations.
• £29 million to tackle violence against women and girls (VAWG), including to address safety concerns in specific areas
• £20 million to trial further fares innovation to work to grow passenger numbers and London's economy
• £20 million to secure more major events in London^[2]

Tomorrow, the London Assembly Budget and Performance Committee will question the Mayor on his final 2026-27 budget plans, before they are considered by the London Assembly for approval on Thursday 26 February at Mayor's Question Time.

The guests are:

• Sir Sadiq Khan, Mayor of London
• David Bellamy, Mayor's Chief of Staff
• Fay Hammond, Chief Finance Officer, GLA

The meeting will take place on Wednesday 26 February 2026 from 2pm in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

Notes to editors: 

1. P6, 2026-27 Final Draft Consolidated Budget – part 1, 18 February 2026
2. P6, 2026-27 Final Draft Consolidated Budget – part 1, 18 February 2026
3. Neil Garratt AM, Chairman of the Budget and Performance Committee, is available for interview.
4. Find out more about the work of the Budget and Performance Committee.
5. Read the agenda in full.
6. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.