Camden's financial challenge

We’re proud to provide local public services that support our communities, but along with public services nationally, we face a huge financial challenge.

Due to funding cuts from central government, increasing demand and rising costs, since 2010 we have had to reduce our budget by £169 million, to be followed by a further estimated £35-40 million from our annual budget by 2022. This includes £23 million in 2019/20. 

Easy Read script (PDF)
British Sign Language video 


We have published proposals for how we plan to make the necessary savings over the next three years as part of our budget plans:

Camden Council’s Medium Term Financial Strategy 2019/20 – 2021/22 (PDF)

Next steps

The above report was agreed at a Cabinet meeting on 12 December 2018.

The majority of proposals will require further development. We're committed to involving residents and partners as a part of that development process. There will be plenty of opportunities to help shape decisions. 

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

Standing up for Camden's public services

Long-term sustainable funding is needed to support the public services our citizens rely on.

We will continue to urge the government to:

  • Urgently invest the estimated £35-40 million needed to maintain our current service levels 
  • Guarantee no more cuts to local council funding 
  • Properly fund our services for adults and children that are under long-term pressures, such as increased demand from a growing population 
  • Boost funding for all state schools to ensure they have the budgets they need 
  • Provide funding to help us reduce council tax for our poorest citizens 
  • Continue to review Universal Credit and its impacts on the vulnerable.

This is a difficult time for Camden, but we are committed to protecting strong public services, protecting our most vulnerable residents and making sure Camden is a place where nobody gets left behind. We will keep you updated.

Our budget for 2019/20

The below shows details of our budget for 2019/20. 

Where Camden Council's money comes from

How Camden Council spends its budget