Quarter 1 Financial Performance Report
Lambeth Council is currently addressing a projected £9.3 million overspend for its first financial quarter of 2026/27.
Lambeth Council is currently addressing a projected £9.3 million overspend for the first quarter of the 2026/27 financial year, as presented to the Cabinet in September 2026. This overspend is attributed to increased costs for temporary accommodation, income shortfalls in Growth and Environment, and ongoing pressures in children's services and adult social care.
A significant £13.4 million overspend within the Dedicated Schools Grant, primarily driven by the High Needs Block, also contributes to the overall deficit, a report to the Cabinet said. The projected overspend figure represents an improvement from the previous month's forecast.
Key facts
- Lambeth Council faces a projected £9.3 million overspend for Q1 2026/27. Source
- This projected overspend was presented to the Cabinet on 23 September 2026. Source
- A £13.4 million overspend in the Dedicated Schools Grant contributes to the deficit. Source
- The overspend is attributed to temporary accommodation costs, income shortfalls, children's services, and adult social care. Source
- The projected overspend is an improvement from the previous month's forecast. 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.