Fair Funding 2.0
Bromley Council is projecting significant budget shortfalls, partly due to the anticipated impact of Fair Funding 2.0 proposals.
Bromley Council's Executive, Resources and Contracts Policy Development and Scrutiny Committee discussed a projected budget shortfall of £58.9 million by 2026/27, rising to £74.7 million by 2029/30, in October 2025. A report to the committee stated that this shortfall is partly due to the anticipated outcome of the Fair Funding 2.0 proposals, which are proposed changes to government funding allocation for local authorities.
The report also highlighted that high inflation in areas like social care and housing contributes to the budget risk. It noted that without transitional protection for three years, the council faces further financial challenges. No further discussions or decisions on Fair Funding 2.0 are currently scheduled.
Key facts
- Bromley Council projects a £58.9 million budget shortfall by 2026/27. Source
- The projected budget shortfall could rise to £74.7 million by 2029/30. Source
- The projected budget gap is partly due to the anticipated outcome of Fair Funding 2.0 proposals. Source
- Bromley's Executive, Resources and Contracts Policy Development and Scrutiny Committee discussed this in October 2025. Source
- A report to the committee mentioned the need for three years of transitional protection. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.