Financial Sustainability Plan (FSP)
Barnet Council is discussing its Financial Sustainability Plan to address a significant budget shortfall and is considering a tax hike.
Barnet Council's Cabinet discussed its financial sustainability plan in October 2026, aiming to tackle a projected £198 million budget gap by 2029/30. The council is seeking a tax hike to address a £113.5 million shortfall for the 2027/28 financial year, with the plan aiming for a balanced budget by March 2029.
Councillor Simon Radford, Cabinet Member for Financial Sustainability, presented the plan. It outlines Barnet Council's strategy to address financial challenges and achieve a balanced budget, including strategies such as prevention, progression, productivity, service and asset review, and income generation.
Key facts
- Barnet Council is seeking a tax hike to address a projected budget shortfall of £113.5 million for the 2027/28 financial year. Source
- Barnet Council's Cabinet discussed its financial sustainability plan on October 12, 2026. Source
- The plan aims to tackle a projected budget gap of £198 million by 2029/30. Source
- The plan aims to achieve a balanced budget by March 2029. 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 14 October 2026. Spotted a mistake? Email community@opencouncil.network.