Newham Council achieved 85% of its savings target for the 2024/25 financial year, according to a report presented at the Audit and Governance Committee meeting on Wednesday 16 July 2025. The council is already planning for the next financial year, with a total savings target of £39.1 million for 2025/26.
The council aimed to achieve £32 million in savings, with an additional £10 million carried over from previous years. However, the Savings Delivery AC July 25 Cover Report revealed that £27.3 million in savings were delivered, with £1.9 million in slippage and £2.8 million not delivered. The report indicates that the £2.8 million in undelivered savings is attributed to some harder to achieve savings from prior years
. The specific services or programs affected are not detailed in the summary, but the MTFS Savings Tracker 2024-25 Outturn provides a breakdown by directorate.
One-off savings accounted for £3.5 million of the delivered savings. These savings were not delivered on a permanent basis,
indicating they are not sustainable in the long term, according to the MTFS Savings Tracker 2024-25 Outturn.
The Public Reports Pack broke down the savings delivery by directorate. For example, in Children and Young People, £2.2 million of savings were undelivered, as detailed in the MTFS Savings Tracker 2024-25 Outturn.
The Audit and Governance Committee also discussed a range of other topics, including the GDPR Annual Report, contract waivers, internal audit updates, risk management, and counter fraud progress. These will be covered in separate reports.
