2026/27 Budget Setting and Medium-Term Financial Plan
Kensington and Chelsea Council is addressing a projected £82.7 million budget cut for 2026/27 due to government funding reforms.
Kensington and Chelsea Council is currently developing savings options to address a projected £82.7 million budget cut for the 2026/27 financial year and beyond. This reduction, representing 40% of its budget, is anticipated between 2026/27 and 2028/29.
The significant budget reduction is attributed to government funding reforms, specifically in response to the 'Fair Funding 2.0' consultation. An update on the 2026/27 Budget Setting and Medium-Term Financial Plan was discussed by the Leadership Team in October 2025.
Key facts
- Kensington and Chelsea Council faces an £82.7 million budget cut between 2026/27 and 2028/29. Source
- The budget cut represents 40% of the council's budget. Source
- The cuts are due to government funding reforms, specifically 'Fair Funding 2.0'. Source
- The Leadership Team discussed the budget plan in October 2025. 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.